Question
If Goebel Company acquired a 30% interest in Dobbs Company on December 31, 2014 for $215,000 and the equity method of accounting for the investment
If Goebel Company acquired a 30% interest in Dobbs Company on December 31, 2014 for $215,000 and the equity method of accounting for the investment were used, the amount of the debit to Equity Investments (Dobbs) would have been
a. $270,000.
b. $215,000.
c. $172,500.
d. $208,500.
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Strategic Accounting For Management
Authors: Bob Ryan
1st Edition
1861524625, 9781861524621
