... diverse Answer: D Objective: LO1 Difficulty: Easy 7) Pond Corporation uses the fair value method of accounting for its investment in Swan Company Which one of the following events would affect the ... (219,050) $280,950 Objective: LO5 Difficulty: Moderate 10) An investor uses the cost method of accounting for its investment in common stock During the current year, the investor received $25,000 ... 2014 $ 10,000 5,000 2015 $15,000 5,000 11) Assume that Pansy Incorporated used the cost method of accounting for its investment in Sunflower The balance in the Investment in Sunflower account at...