The highest form of land ownership is a fee simple defeasible

Refer to Sheppard Corporation. Assume that Sheppard purchased 25% of Meredith's common stock for $62,000. All other facts remain the same. What would be the balance in the investment account as of December 31, 2017?

A) $62,000 B) $63,000 C) $75,000 D) $80,500

Salary differs from wages in that the salary ________

A) falls under the purview of the Fair Labor Standards Act B) does not fall under the purview of the Fair Labor Standards Act C) is based on a fixed amount per year D) relates to exempt employees E) is paid by the unit of time