Use the following facts for Multiple Choice problems 19 and 2 (each question is independent of the other): On January 1, 2013. novest purchases 10.000 shares of a per The shares represent 20% ownership in the investee. The invester e otidemar able" because they do not trdeon active exchange. On January 1, 2013, the book of the investee's assets and Sabines equals 5600.000 a $150.000, respective on the the appraised fair values of the investee's identifiable et ses promised the recorded book was. During the year ended December 31, 2013, the investre Des reported in a $22.500 dends equal to $12.000 19. Noncontrolling investment accounting (price equals book wae) Assume the investor does not exert significant infance over the weste Desain the base is the "Investment investee accounts December 31, 2013 $2,400 b $90,000 c. $92,100 d $450.500 20. Noncontrolling investment counting price equals book value) Assume the investor can exent significant influence over the investe. Dermine the balance in the "Investment in laveste accounts December 31, 2013 d. $2.400 b. $90,000 c. $92.100 d $460,500 Use the following facts for Multiple Choice problems 21 and 22 each question is independent of the other): On January 1, 2013, an lovestor purchases 14.000 common shares of investea $12 (cash) per share. The shares represent 20% ownership in the investee. The laveste s es are not considered marketable because they do not trade on an active exchange. On Jesary 1, 2013, the book value of the investee's assets and abilities quals $900,000 and $200,000, respectively. On at date, the appraised fair values of the investee's identifiable et assets approximate the coded bock values except for a customer list. On January 1, 2013, the customers had a recorded book wale of 50, nes timated fair valse equal to 550.000 and a 5 year semaining useful life. During the year ended December 31, 2013, the investee company reported set income equal to $42.000 and videndscout $20,000 21. Noncontrolling investment accounting price different from bookvale) Assume the investor does not exert significant influence over the Determine the balance in the "Investment investee account at December 31, 2013 c. $140,000 b. $144.400 C S168,000 d $170,400 22. Noncontrolling investment accounting price different from book value) Assume the investor can exert significant infence over the investe. Dermine the balance in the "Investment in laveste sccount at December 31, 2013 G. $190,000 b. $172,400 C $170.400 d. $168.000 Use the following facts for Multiple Choice problems 19 and 2 (each question is independent of the other): On January 1, 2013. novest purchases 10.000 shares of a per The shares represent 20% ownership in the investee. The invester e otidemar able" because they do not trdeon active exchange. On January 1, 2013, the book of the investee's assets and Sabines equals 5600.000 a $150.000, respective on the the appraised fair values of the investee's identifiable et ses promised the recorded book was. During the year ended December 31, 2013, the investre Des reported in a $22.500 dends equal to $12.000 19. Noncontrolling investment accounting (price equals book wae) Assume the investor does not exert significant infance over the weste Desain the base is the "Investment investee accounts December 31, 2013 $2,400 b $90,000 c. $92,100 d $450.500 20. Noncontrolling investment counting price equals book value) Assume the investor can exent significant influence over the investe. Dermine the balance in the "Investment in laveste accounts December 31, 2013 d. $2.400 b. $90,000 c. $92.100 d $460,500 Use the following facts for Multiple Choice problems 21 and 22 each question is independent of the other): On January 1, 2013, an lovestor purchases 14.000 common shares of investea $12 (cash) per share. The shares represent 20% ownership in the investee. The laveste s es are not considered marketable because they do not trade on an active exchange. On Jesary 1, 2013, the book value of the investee's assets and abilities quals $900,000 and $200,000, respectively. On at date, the appraised fair values of the investee's identifiable et assets approximate the coded bock values except for a customer list. On January 1, 2013, the customers had a recorded book wale of 50, nes timated fair valse equal to 550.000 and a 5 year semaining useful life. During the year ended December 31, 2013, the investee company reported set income equal to $42.000 and videndscout $20,000 21. Noncontrolling investment accounting price different from bookvale) Assume the investor does not exert significant influence over the Determine the balance in the "Investment investee account at December 31, 2013 c. $140,000 b. $144.400 C S168,000 d $170,400 22. Noncontrolling investment accounting price different from book value) Assume the investor can exert significant infence over the investe. Dermine the balance in the "Investment in laveste sccount at December 31, 2013 G. $190,000 b. $172,400 C $170.400 d. $168.000