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aryam Investments, Inc. purchased 45% of the common stock of Beige Corporation on anuary 1, 2019. B Corporation reports a net income of $720,000 for

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aryam Investments, Inc. purchased 45% of the common stock of Beige Corporation on anuary 1, 2019. B Corporation reports a net income of $720,000 for the 2019 year. Which of the following is the correct journal entry? A. ity Investments-Bei Revenue from Investments orporation 324,00 324,000 uity Investments-Blue Investments, Inc. 324 C. ue from Investments 324 Equity Investments-Beige Corporation 324,000 Revenue from Investments 44. Which of the following is used to determine how the cash of a company has changed from one year to the next? A. vertical analysis of the balance sheet B. horizontal analysis of the income statement C. horizontal analysis of the balance sheet D. vertical analysis of the income statement 45. Candle Shop, Inc. has net sales on account of $1,800,000. The average net accounts receivable are $900,000 and the average net merchandise inventory is $300,000. Calculate the days' sales in receivables. (Round any intermediate calculations to next day). A. 730 days B. 183 days C. 122 days D. 61 days 46, Eid, Inc. pays $33,333 to acquire 33% of voting stock of Blue Investments, Inc. on March 5, 2018. On July 13, 2020, Eid sold all voting stock of Blue Investments, Inc. for $1,350. Which of the following is the correct journal entry for the transaction on March 5, 2018? A. ity Investments-Blue Investments, Inc. Cash 33,33 33,33 33,33 Common Stock Holdings-Blue Investments, Inc. Cash 530.3 33,333 Cash Equity Investments-Blue Investments, Inc. D. 33,33 ash 33,33 Revenue from Investments

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