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?

Which of the following is an insurer's duty?

A) to pay back the insured's money on demand B) to pay back the premiums paid by the insured upon an endorsement of insurance C) to pay legitimate claims up to the insurance policy limits D) to pay interest for the premiums paid by insured on a monthly or yearly basis

Depository receipts are identical to the securities themselves

Indicate whether the statement is true or false