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.
Correct Answer:
Verified
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