If 10% of the common stock of an investee company is purchased as a long-term investment, the appropriate method of accounting for the investment is

A. the preparation of consolidated financial statements.

B. the cost method.

C. the equity method.

D. determined by agreement with whomever owns the remaining 90% of the stock.

The following data are available for Bonita Corporation.

Net income	$206000
Depreciation expense	60200
Dividends paid	90600
Loss on sale of land	15000
Decrease in accounts receivable	30700
Decrease in accounts payable	44700

Net cash provided by operating activities is:

A. $267200.

B. $165800.

C. $247200.

D. $145800.

The following data are available for Concord Corporation.

Sale of land	$225900
Sale of equipment	$129300
Issuance of common stock	140600
Purchase of equipment	69400
Payment of cash dividends	120700

Net cash provided by investing activities is:

A. $426400.

B. $306600.

C. $285800.

D. $258600