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P Company acquired a 70 percent interest in S Company by purchasing 14000 of its 2000 utstanding sha eso, come stock at b okara- 210,000
P Company acquired a 70 percent interest in S Company by purchasing 14000 of its 2000 utstanding sha eso, come stock at b okara- 210,000 on January 1, 2016.S Company reported net income in 2016 of $90,000 and in 2017 of $125.000 earned evenly throughout the respective years P Company received $24.000 dividends from S Company in 2016 and 536.000 m 2012.p Compay usies the equity method to record ts investment The balance of Company's Investment in S Company's account a" December 31, 2017 A $297,000 B. $210.000 ? ?. s300,500 D.$318,500
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