Question Completion Status: A Moving to another question will save this response. Question 2 of 24 Question 2 1 points Save an The fair value of Cameron Inc.'s land exceeds its book value by $50 million, Lake Industries buys 30% of Cameron's common shares. How will the situation described affect Lake's financial statements? O a Lake will reduce the investment revenue by $0.5 million per year. O b.Lake will reduce CFO by $0.5 million per year. Oc.Lake will increase the investment revenue by $1 million per year, d. It will not make a difference. Oe. Lake will reduce CFO by $0.5 million per year. B3F A 62 9/24 O A Moving to another question will save this response. Question 4 of 24 stion 4 1 points Save An Which of the following is a performance obligation? O a. Steve Electronics assurance at an affordable price that provides additional protection after the customer takes possession of the product. Ob. Lil Pharma receives a donation in return for settling a liability owed to a municipality. O c. Acacia Flowers provides assurance that its flowers will stay fresh for two days. O d.Fancier Phones provides assurance that its phones will work after purchase. Oe. Nokia Electronics promises to make repairs if a product will become defective within a week of purchase. Moving to another question will save this response. Question 4 of 24 26 9/2472 83F A O