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DI Question 21 2 pts Wendell Company owns 28% of the common stock of Porter Company and accounts for the investment using the equity method.

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DI Question 21 2 pts Wendell Company owns 28% of the common stock of Porter Company and accounts for the investment using the equity method. Assuming that Wendell Company purchased the stock several years ago, the balance in the investment account would be equal to the cost of the O investment only Oinvestment plus Wendel's share of Porter's since the investment wa purchased Oinvestment plus the total amount of dividends Wendell has recelved from Porter ince the investment was purchased O investment plus Wendell's share of Porter's net income eaned since the investment was purchased minus the botal amount o dividends Wendel has received from Porter ince the investment was purchased D | Question 22 2 pts Which of the following statements below is not a reason a company may purchase another company's stock? O eaming a return on excess cash O sustain the other company's stock price O gining control of anoeer company's operations eveloins or maintaining business D Question 23 2 pts Which of the following is not a part of comprehensive income? O foreign currency items O cash flows from stock investments unrealized gains and losses Opension lisblity adjuntments

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