Beige Corporation pays $536,000 to acquire 40% of the equity securities of Olive Technologies, Inc. on May 5, 2017. In the journal entry to record this transaction ________
A) Long-term Investments-Trading Investments will be debited for $536,000
B) Long-term Investments-Olive Technologies, Inc. will be debited for $536,000
C) Long-term Investments-Available-for-Sale will be debited for $536,000
D) Long-term Investments-Available-for-Sale will be credited for $536,000
B
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If a $5,000 coupon bond has a coupon rate of 13 percent, then the coupon payment every year is
A) $650. B) $1,300. C) $130. D) $13. E) None of the above.
Assume an organization sells digital photographs to customers through its website (the company only sells photographs in digital format, it does not provide a physical copy of any photograph)
Identify the attribute below that the organization would not need in its Inventory entity. A) reorder point B) price C) photograph description D) primary key