Source inspection is inferior to inspection before costly operations

Dublin Co. holds a 30% stake in Club Co. which was purchased in 2013 at a cost of $3,000,000. After applying the equity method, the Investment in Club Co. account has a balance of $3,040,000. At December 31, 2013 the fair value of the investment is $3,120,000. Which of the following values is acceptable for Dublin to use in its balance sheet at December 31, 2013?

I. $3,000,000 II. $3,040,000 III. $3,120,000 a. I, II, or III. b. I or II only. c. II only. d. II or III only.

The growth of the Internet caused many brick-and-mortar firms to ________ in response to customer demands and a changing marketplace.

A) become click-only firms B) send out more catalogs C) become click-and-mortar firms D) develop more infomercials E) expand their outside sales forces