You are a Senator who is hoping to one day run for President. You learn that a reporter from Newsweek is interviewing one of your old business associates about a real estate deal that went bad several years ago and led to your being sued for breach of contract. At the time, you agreed to settle out of court by agreeing to pay the plaintiff a substantial sum of money. How should you handle the potentially damaging story?

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

What is the equity method balance in the investment in lindman account at the end of 2018?

Which of the following would not be listed under cash outflows in a financial plan?