Question
A company a purchased 100% of the outstanding stock of company b for 200,000 in cash which entry is posted to the books of company
A company a purchased 100% of the outstanding stock of company b for 200,000 in cash which entry is posted to the books of company a in accounting for the business combination on the acquisition dates
A Debit to dividends and credit to cash
B debit to the investment account and credit to cash
C debit to equity in earnings and credit to cash
D debit to cash and credit to the investment account
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
