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MotorCity, Inc. purchased 53,000 shares of Show common stock for $258,000. This represents 40% of the outstanding stock. The entry to record the transaction includes

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MotorCity, Inc. purchased 53,000 shares of Show common stock for $258,000. This represents 40% of the outstanding stock. The entry to record the transaction includes a Multiple Choice Debit to Debt investments for $250.000 Debit to Long-Term Investments-HTM for $250.000, Credit to Equity Method investments for $258.000 Debit to Short Term investment AFS for $258,000 Debit to Equity Method Investments for $258,000

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