If a ceiling on the price of bread leads to the disappearance of higher-quality, specialty bread from store shelves, which production decisions might this reflect? correct answer(s) customers are rapidly buying the limited number of loaves available. marketing is no longer aimed at upscale consumption. specialty bread is available only direct from the bakery, to avoid transportation costs. production shifts to a use of cheaper ingredients. incorrect answer(s)

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?