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Question 11 (3 points) Items 11, 12 and 13 are related to a stock investment of 10% by ASU Corporation. On January, ASU Company

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Question 11 (3 points) Items 11, 12 and 13 are related to a stock investment of 10% by ASU Corporation. On January, ASU Company acquired 10% of the outstanding stock of Darton Company for $100,000. The journal entry to record this investment is O No entry required. O Debit- -Cash, 100,000; Credit- -Common Stock, 100,000. Debit--Investment, 10,000; Credit- -Cash, 10,000. O Debit--Investment, 100,000; Credit- -Cash 100,000.

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