On January 1,2016,TXU Europe Corporation Purchased 40% of the Outstanding

Multiple Choice

On January 1,2016,TXU Europe Corporation purchased 40% of the outstanding stock of Alberta Power Pool Corporation for $800,000.Net income reported by Alberta Power Pool Corporation for 2016 and 2017 was,respectively,$100,000 and $125,000.Dividends paid by Alberta Power Pool Corporation during 2016 and 2017 were,respectively,$60,000 and $75,000.The long-term investment will appear on TXU Europe Corporation's December 31,2017,balance sheet at:

A) $746,000
B) $864,000
C) $836,000
D) $890,000