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Premier Services, Inc. pays $1,550,000 to acquire 38% of voting stock of Blue Investments, Inc. on March 5, 2019. Which of the following is the
Premier Services, Inc. pays $1,550,000 to acquire 38% of voting stock of Blue Investments, Inc. on March 5, 2019. Which of the following is the correct journal entry for the transaction?
A.
| Common Stock Holdingslong dashBlue Investments, Inc. | 1,550,000 | |
| Cash | 1,550,000 |
B.
| Cash | 1,550,000 | |
| Equity Investmentslong dashBlue Investments, Inc. | 1,550,000 |
C.
| Cash | 1,550,000 | |
| Revenue from Investments | 1,550,000 |
D.
| Equity Investmentslong dashBlue Investments, Inc. | 1,550,000 | |
| Cash |
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