Which of the following best describes a matrix organization? a) an organization in which traditional boundaries and structures are minimized or eliminated. b) an approach to organizational structure developed in response to the need to manufacture purchase and sell in global markets c) an organizational structure in which teams are formed and team members report to two or more managers d) a form of business organization in which authority is determined by the relationships between group functions and activities.

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?