Use the following information for questions.
The summarized balance sheets of Thunder Bay Corp.and Fort William Corp.at December 31, 2017 are as follows:
-If Thunder Bay acquired a 30% interest in Fort William on December 31, 2017 for $67,500 and during 2018 Fort William reported net income of $25,000 and paid a total cash dividend of $30,000, applying the equity method would give a debit balance in the Investment in Fort William Corp.account at the end of 2018 of
A)$67,500.
B)$66,000.
C)$62,500.
D)$58,500.

Question

Use the following information for questions.
The summarized balance sheets of Thunder Bay Corp.and Fort William Corp.at December 31, 2017 are as follows: 
-If Thunder Bay acquired a 30% interest in Fort William on December 31, 2017 for $67,500 and during 2018 Fort William reported net income of $25,000 and paid a total cash dividend of $30,000, applying the equity method would give a debit balance in the Investment in Fort William Corp.account at the end of 2018 of
A)$67,500. 
B)$66,000. 
C)$62,500. 
D)$58,500.

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The Answer of Use the following information for questions.
The summarized balance sheets of Thunder Bay Corp.and Fort William Corp.at December 31, 2017 are as follows: 
-If Thunder Bay acquired a 30% interest in Fort William on December 31, 2017 for $67,500 and during 2018 Fort William reported net income of $25,000 and paid a total cash dividend of $30,000, applying the equity method would give a debit balance in the Investment in Fort William Corp.account at the end of 2018 of
A)$67,500. 
B)$66,000. 
C)$62,500. 
D)$58,500.

Use the Following Information for Questions