Business
Business, 29.07.2020 01:01, jalenshayewilliams

Marley Investments, Inc. purchased 45% of the common stock of Beige Corporation on January 1, 2019, Beige Corporation reports a net income of $700,000 for the 2019 year. Which of the following is the correct journal entry?
A. Equity Investments-Beige Corporation 315,000
Revenue from Investments 315,000
B. Revenue from Investments 315,000
Cash 315,000
C. Revenue from Investments 315,000
Cash 315,000
D. Revenue from Investments 315,000
Equity Investments-Beige Corporation 315,000

answer
Answers: 3

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Marley Investments, Inc. purchased 45% of the common stock of Beige Corporation on January 1, 2019,...

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