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Marley Investments,Inc B)  Cash 324,000 Revenue from Investments 324,000\begin{array} { | c | r | r | } \hline \text { Cash } & 324,000 & \\\hline \text { Revenue from Investments } & & 324,000 \\\hline\end{array}

Question 133

Multiple Choice

Marley Investments,Inc.purchased 45% of the common stock of Beige Corporation on January 1,2019.Beige Corporation reports a net income of $720,000 for the 2019 year.Which of the following is the correct journal entry?


A)  Equity Investments-Beige Corporation 324,000 Revenue from Investments 324,000\begin{array} { | c | r | r | } \hline \text { Equity Investments-Beige Corporation } & 324,000 & \\\hline \text { Revenue from Investments } & & 324,000 \\\hline\end{array}
B)  Cash 324,000 Revenue from Investments 324,000\begin{array} { | c | r | r | } \hline \text { Cash } & 324,000 & \\\hline \text { Revenue from Investments } & & 324,000 \\\hline\end{array}
C)  Revenue from Investments 324,000 Cash 324,000\begin{array} { | c | r | r | } \hline \text { Revenue from Investments } & 324,000 & \\\hline \text { Cash } & & 324,000 \\\hline\end{array}
D)  Revenue from Investments 324,000 Equity Investments-Beige Corporation 324,000\begin{array} { | c | r | r | } \hline \text { Revenue from Investments } & 324,000 & \\\hline \text { Equity Investments-Beige Corporation } & & 324,000 \\\hline\end{array}

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