On January 1, 2014, TXU Europe Corporation Purchased 40% of the Outstanding

Multiple Choice

On January 1, 2014, 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 2014 and 2015 was, respectively, $100,000 and $125,000. Dividends paid by Alberta Power Pool Corporation during 2014 and 2015 were, respectively, $60,000 and $75,000. The long-term investment will appear on TXU Europe Corporation's December 31, 2015, balance sheet at:

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