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Which of the following is the correct jounal entry? Elite Services, Inc. pays $1 to acquire 38% of voting stock of Grey Investments, Inc. on

Which of the following is the correct jounal entry?

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Elite Services, Inc. pays $1 to acquire 38% of voting stock of Grey Investments, Inc. on March 5, 2017. Which of the following is the correct journal entry for the transaction? o A. o B. o C. o D. Long - term InvestmentsAvailable - for- Sale Cash Cash Long - term InvestmentsGrey Investments, Inc. Long - term InvestmentsGrey Investments, lnc Cash Cash Long - term InvestmentsAvailable - for - Sale

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