Pop Co. buys 30% of voting stock of Son Co. for $80,000, the entry:

1. cost + dividends + share of income.

2. cash debit and investment in Son credit

3. investment in Son debit and cash credit.

4. None of answers

Pop Co. buys 30% of voting stock of Son Co. Pop determines that its share of Son's income is $9,000, the entry:

1. cash debit and dividends income credit.

2. None of the other answers.

3. cash debit and investment in Son credit.

4. investment in Son debit and income from Son credit.

Pop Co. buys 30% of voting stock of Son Co. Pop receives $7,000 as dividends from Son, the entry:

1. None of the other answers.

2. cash debit and dividends income credit.

3. investment in Son debit and dividends credit.

4. cash debit and investment in Son credit

Son Corp. issues 20,000 shares of its $20 par value common stock for Pop Corp. Son's stock is valued at $30 per share (in thousands), then the entry is

1. None of the other answers.

2. Investment in Pop Corp debit 600,000, Common stock credit 400,000 and Additional paid-in- capital credit 200,000.

3. Investment in Pop Corp debit 600,000, Common stock credit 200,000 and Additional paid-in- capital credit 400,000.

4. Common stock debit 400,000 and Additional paid-in- capital debit 200,000 and Investment in Pop Corp credit 600,000.