For each of the situations below, determine if the investment should be reported as a passive investment-

ment (P), an investment reflecting significant influence (SI), or a controlling interest (C).

Transcribed Image Text:

a. b. C.. d. e. Griffin Company purchased 25% of the common stock of Wright, Inc. Griffin is one of several suppliers that Wright, Inc. relies on to supply subcomponents. Dye Corporation purchased 20% of the 2016 $40 million bond issue offered by Glover Company. Zhao, Inc. purchased 2,000 shares of Google, Inc. common stock, paying $1.1 million. Watts Corporation purchased 65% of the common stock of Zimmerman, Inc.com- mon stock for cash. Watts and Zimmerman had been engaged in several strategic alliances prior to the purchase. Shevlin, Inc. purchased 15% of Bowen Company's common stock. Shevlin is Bowen Company's largest customer, buying more than 60% of its output.