Harvey Company increased its ownership in Washington Company from 70% to 90% by the purchase of additional shares of the Washington's outstanding stock from noncontrolling shareholders for a purchase price of $300,000. Immediately prior to the transaction, Harvey's consolidated balance sheet included a noncontrolling interest balance of $1,000,000.

17.The journal entry by Harvey to record the purchase includes a net:

a.Equity investment debit, $333,333

b.Equity investment debit, $300,000

c.Equity investment debit, $33,333

d.Equity investment debit, $200,000

The answer is A how do you calculate this ????

18.The journal entry by Harvey to record the purchase includes:

a.APIC credit, $300,000

b.APIC credit, $33,333

c.APIC credit, $333,333

d.Cash credit, $333,333

The answer is B How do you get this