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If Elston Company acquired a 30% of the stock of Alley Company giving them significant influence on December 31, 2017 for $202,500 and during 2018
If Elston Company acquired a 30% of the stock of Alley Company giving them significant influence on December 31, 2017 for $202,500 and during 2018 Alley Company had net income of $75,000 and paid total cash dividends of $30,000, applying the equity method would give a debit balance in the Investment in Alley Company account at the end of 2018 of A. $217,500 B. S202,500 C. $216,000. D.$225,000 30
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