If Nolte Company Acquired a 30% Interest in Boswell Company

question 9

Multiple Choice

If Nolte Company acquired a 30% interest in Boswell Company on December 31, 2011 for $75,000 and the equity method of accounting for the investment were used, the amount of the debit to Investment in Boswell Company Stock would have been

• A)$75,000.
• B)$90,000.
• C)$60,000.
• D)$67,500.

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