On January 1,2012,Frederich Corporation purchased 7,500 shares of Sport Tech,Inc.as a long-term investment for a total of $235,000.The 7,500 shares represent 30% of the outstanding (25,000) shares of Sport Tech.Prepare the journal entries for Frederich to record the following transactions and events:

Question

On January 1,2012,Frederich Corporation purchased 7,500 shares of Sport Tech,Inc.as a long-term investment for a total of $235,000.The 7,500 shares represent 30% of the outstanding (25,000) shares of Sport Tech.Prepare the journal entries for Frederich to record the following transactions and events:
On January 1,2012,Frederich Corporation purchased 7,500 shares of Sport Tech,Inc.as a long-term investment for a total of $235,000.The 7,500 shares represent 30% of the outstanding (25,000) shares of Sport Tech.Prepare the journal entries for Frederich to record the following transactions and events:

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The Answer of On January 1,2012,Frederich Corporation purchased 7,500 shares of Sport Tech,Inc.as a long-term investment for a total of $235,000.The 7,500 shares represent 30% of the outstanding (25,000) shares of Sport Tech.Prepare the journal entries for Frederich to record the following transactions and events:

On January 1,2012,Frederich Corporation Purchased 7,500 Shares of Sport Tech,Inc