Question
Company A purchased 44% ($250,000) of Company b in common stock at an 8% discount. He paid $5,700 in commissions. At the end of the
Company A purchased 44% ($250,000) of Company b in common stock at an 8% discount. He paid $5,700 in commissions.
At the end of the year Company A. should have an adjusted balance in his Company b. investment account of ______________ .
a. Debit Investment $276,620
b. Investment Credit of $276,620
c. Debit to Investments of $304,780
d. Investment Credit of $304,780
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Accounting
Authors: Charles T. Horngren, Walter T. Harrison Jr., M. Suzanne Oliv
9th Edition
130898414, 9780132997379, 978-0130898418, 132997371, 978-0132569309
