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What journal entries will a co record in books on jan first

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A Co owns 30% of B Co, enough to have significant influence. A accounts for its "Investment in 8 using the equity method, and at Dec 31, year 10 has a value of $200,000 The FMV of 30% of B is $300,000. On Jan 1, year 11, A Co purchases an additional 25% of B Co. for $250,000 Now A Co owns 55%, and has control On Jan 1. year 11 the fair market value of 8 Co is $1,000 000

Problem 1: What journal entries will A Co record in its books on Jan 1, 2011?

Reference no: EM132968661

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