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Premier Services, Inc. pays $1,550,000 to acquire 35% of the voting stock of Blue Investments, Inc. on March 5, 2025. Which of the following is

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Premier Services, Inc. pays $1,550,000 to acquire 35% of the voting stock of Blue Investments, Inc. on March 5, 2025. Which of the following is the correct Journal entry for the transaction? A. Common Stock Holdings Blue Investments, Inc. 1,550,000 Cash 1,550,000 O B. Cash Revenue from Investments 1,550,000 1.550,000 1,550,000 OC. Cash Equity Investments-Blue Investments, Inc. 1,550,000 1,550,000 OD. Equity Investments-Blue Investments, Inc. Cash 1,550,000

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