Using the acquisition method, how will Beatty record the stock contingency?
A) Credit Contingent Performance Obligation, $20,000.
B) Debit Additional Paid-In Capital, $20,000.
C) Credit Additional Paid-In Capital, $2,884.
D) Debit Contingent Performance Obligation, $2,884.
E) No entry.

Question

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The Answer of Using the acquisition method, how will Beatty record the stock contingency?
A) Credit Contingent Performance Obligation, $20,000.
B) Debit Additional Paid-In Capital, $20,000.
C) Credit Additional Paid-In Capital, $2,884.
D) Debit Contingent Performance Obligation, $2,884.
E) No entry.

Using the Acquisition Method, How Will Beatty Record the Stock