Jones, Incorporated acquires 15% of Anderson Corporation on January 1, 2025, for $105,000, when the book value of Anderson was $600,000 and did not exercise significant influence. During 2025, Anderson reported net income of $150,000 and paid dividends of $50,000. On January 1, 2026, Jones purchased an additional 25% of Anderson for $200,000. Any excess cost over book value is attributable to goodwill with an indefinite life. The fair-value method was used during 2025, but Jones has deemed it necessary to change to the equity method after the second purchase. During 2026, Anderson reported net income of $200,000 and reported dividends of $75,000.The equity income reported by Jones for 2026 with regard to the Anderson investment is

Identify this quote with its text and author.  “had, however, speculated largely and quite loosely; had involved himself deeply, and his notes to a large amount had come into the hands of Haley; and this small piece of information is the key”

Identify this quote with its text and author.  “After a brief period of suspense, the will of my mistress was read, and we learned that she had bequeathed me to her sister’s daughter, a child of five years old.”

In a paragraph (8-12 sentences), explain why the theme of “good vs evil” was used so  much in this unit and the impact it had on the fiction/short stories.

Identify this quote with its text and author.  “There is time in every man’s education when he arrives at the conviction that envy is ignorance”

Match each organelle in the left column with its function in the right column, using the 4 dropdown menus.  If you prefer to type in these fields instead of using the drop menu, be sure that what you type is an exact match, including capitalization, spacing, and punctuation. Otherwise, what you typed will disappear.

PART 2: Short Answer Questions: Please read the instructions carefully for each short answer question and provide a complete answer to each. Note that some questions have multiple parts!

The following information pertains to property taxes levied by Sycamore City for 2025: Collections during 2025$ 1,200,000Expected collections during the first 60 days of 2026200,000Expected collections at the end of 2026110,000Expected collections during January 202740,000Estimated to be uncollectible 30,000Total levy$1,580,000   What amount should Sycamore report for 2025 net property tax revenues? 

 Kane Incorporated owns 30% of Woodhouse Company and applies the equity method. During the current year, Kane purchased inventory for $71,500 and sold it to Woodhouse for $130,000. At year-end, Woodhouse still held $30,000 of the merchandise. What amount of intra-entity gross profit must be deferred by Kane?

Bridger Hospital, operated by a religious organization, provides charity care to the indigent in the region it serves. How should Bridger report the amount of its charity care on its financial statements?