Ryan Company Purchased 80% of Chase Company for $270,000 When

question 21

Multiple Choice

Ryan Company purchased 80% of Chase Company for $270,000 when Chase's book value was $300,000. Chase has 50,000 shares outstanding and currently has a book value of $400,000.Assume Chase issues 30,000 additional shares common stock solely to Ryan for $12 per share.After recording the acquisition of the additional shares, what adjustment is needed for Ryan's Investment in Chase account?

• A) $70,000 increase.
• B) $70,000 decrease.
• C) $12,188 decrease.
• D) $12,188 increase.
• E) No adjustment is necessary.

Recognize the economic changes and major exports in France during the 1860s.

Describe the concept and implications of bureaucracy in Victorian Britain.

Explain the significance of Benjamin Disraeli's background and political career.

Understand the events and impact of "Bloody Sunday" in Russian history.

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