Jordan Financials acquired $25\mathrm{.}00\%$ of Target Company$$s outstanding common

shares on $12/31/2020$ for $$3,600,000,$ which is equivalent to $125,000$ shares. On $6/30/2021$ and $12/31/2021$ separately Target Company declared and paid a dividend of $$1\mathrm{.}20$ per share. On $12/31/2021$ Target Company reported a net income of $$1,200,000$ for the year. On $12/31/2021$ the market price of Target Company$$s shares was $$27\mathrm{.}00$ per share

If Jordan Financials has significant influence on Target Company$$s operations, the journal entry for

the share purchase will include:

A$.$ Dr$.$ Equity Investment $3,600,000$

B$.$ Dr$.$ Property, Plant, and Equipment $3,600,000$

C$.$ Dr$.$ Debt Investment $3,600,000$

D$.$ Dr$.$ Common Shares $3,600,000$

If Jordan Financials does not have any significant influence on Target Company$$s operations, the journal entry for the dividend received on $6/30/2021$ will include:

A$.$ Dr$.$ Common Shares $150,000$

B$.$ Cr$.$ Equity Investment $150,000$

C$.$ Dr$.$ Equity Investment $150,000$

D$.$ Cr$.$ Dividend Revenue $150,000$

If Jordan Financials does not have any significant influence on Target Company$$s operations, how much is the balance of the Equity Investment account on $12/31/2021?$

A$.3,375,000$

B$.3,600,000$

C$.3,825,000$

D$.3,900,000$

If Nutwood Financials has significant influence on Target Company$$s operations, how much is the balance of the Equity Investment account on $12/31/2021?$

A$.3,300,000$

B$.3,375,000$

C$.3,600,000$

D$.3,900,000$