Top Posters
Since Sunday
w
6
P
3
u
3
j
3
s
3
a
3
d
3
p
3
A
3
3
g
3
o
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
H3Ko H3Ko
wrote...
Go to Answer
Posts: 4891
Rep: 45 0
8 years ago
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Available-for-Sale will be debited for $536,000
B) Long-term InvestmentsAvailable-for-Sale will be credited for $536,000
C) Long-term InvestmentsOlive Technologies, Inc. will be debited for $536,000
D) Long-term InvestmentsTrading Investments will be debited for $536,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 518 times
2 Replies
Replies
Answer verified by a subject expert
TanksTanks
wrote...
#1
Top Poster
Posts: 1274
Rep: 238 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

H3Ko Author
wrote...
#2
8 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1377 People Browsing
 118 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 329
  
 993
  
 353
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 824
Previous poll results: How often do you eat-out per week?