Use the following information to answer questions 26 and 27
On January 1, 2014, Puma Corporation acquired 30 percent of Slume Company's stock for $150,000.On the acquisition date, Slume reported net assets of $450,000 valued at historical cost and $500,000 stated at fair value.The difference was due to the increased value of buildings with a remaining life of 10 years.During 2014 Slume reported net income of $25,000 and paid dividends of $10,000.Puma uses the equity method.
-What will be the balance in the Investment account as of Dec 31, 2014?
A)$150,000
B)$157,500
C)$154,500
D)$153,000

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The Answer of Use the following information to answer questions 26 and 27
On January 1, 2014, Puma Corporation acquired 30 percent of Slume Company's stock for $150,000.On the acquisition date, Slume reported net assets of $450,000 valued at historical cost and $500,000 stated at fair value.The difference was due to the increased value of buildings with a remaining life of 10 years.During 2014 Slume reported net income of $25,000 and paid dividends of $10,000.Puma uses the equity method.
-What will be the balance in the Investment account as of Dec 31, 2014?
A)$150,000
B)$157,500
C)$154,500
D)$153,000

Use the Following Information to Answer Questions 26 and 27