QUESTION 1 Not complete Marked out of 1.00 P Flag question Classifying Investments as Passive, Significant or Controlling For each of the situations below, determine if the investment should be reported as a passive investment (P), an investment reflecting significant influence (SI), or a controlling interest (C) a. Griffin Company purchased 25% of the common stock of Wright, Inc. Griffin is one of several suppliers that Wright, Inc. relies on to supply subcomponents. b. Dye Corporation purchased 20% of the 2016 $40 million bond issue offered by Glover Company. c. Zhao, Inc. purchased 2,000 shares of Google, Inc. common stock, paying $1.1 million d. Watts Corporation purchased 65% of the common stock of Zimmerman, Inc. common stock for cash. Watts and Zimmerman had been engaged in several strategic alliances prior to the purchase. e. Shevlin, Inc. purchased 15% of Bowen Company's common stock. Shevlin is Bowen Company's largest customer, buying more than 60% of its output. QUESTION 1 Not complete Marked out of 1.00 P Flag question Classifying Investments as Passive, Significant or Controlling For each of the situations below, determine if the investment should be reported as a passive investment (P), an investment reflecting significant influence (SI), or a controlling interest (C) a. Griffin Company purchased 25% of the common stock of Wright, Inc. Griffin is one of several suppliers that Wright, Inc. relies on to supply subcomponents. b. Dye Corporation purchased 20% of the 2016 $40 million bond issue offered by Glover Company. c. Zhao, Inc. purchased 2,000 shares of Google, Inc. common stock, paying $1.1 million d. Watts Corporation purchased 65% of the common stock of Zimmerman, Inc. common stock for cash. Watts and Zimmerman had been engaged in several strategic alliances prior to the purchase. e. Shevlin, Inc. purchased 15% of Bowen Company's common stock. Shevlin is Bowen Company's largest customer, buying more than 60% of its output