On January 1, 2014, Valentine Corporation Purchased 25% of the Common

Multiple Choice

On January 1, 2014, Valentine Corporation purchased 25% of the common stock outstanding of Betz Corporation for $100,000. During 2014, Betz Corporation reported net income of $40,000 and paid cash dividends of $24,000. The balance of the Stock Investments-Betz account on the books of Valentine Corporation at December 31, 2014, is

A) $100,000.
B) $104,000.
C) $110,000.
D) $96,000.