Acompetitive market produces the economically efficient outcome if the following conditions are met, except multiple choice

a. the market produces only units for which benefits are at least equal to cost
b. the market produces only units for which costs are at least equal to benefits.
c. the market supply curve reflects all costs of production
d. the market demand curve reflects the buyers' full willingness to pay

Chance company had two operating divisions, one manufacturing farm equipment and the other office supplies. both divisions are considered separate components as defined by generally accepted accounting principles. the farm equipment component had been unprofitable, and on september 1, 2018, the company adopted a plan to sell the assets of the division. the actual sale was completed on december 15, 2018, at a price of $600,000. the book value of the division’s assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. the division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through december 15. the income tax rate is 40%. chance’s after-tax income from its continuing operations is $350,000. required: prepare an income statement for 2018 beginning with income from continuing operations. include appropriate eps disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)

What is the equity method balance in the investment in lindman account at the end of 2018?

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