1. Assume X Corp creates a subsidiary, Y Corp, and invests $500,000 cash in exchange for all of the $1 par common stock
Posted: Sat Feb 19, 2022 2:33 pm
1. Assume X Corp creates a subsidiary, Y Corp, and invests $500,000 cash in exchange for all of the $1 par common stock (2,000 shares). (2.5 marks)
What would journal entries X and Y make at the time of the investment?
Answer:
What would journal entries X and Y make at the time of the investment?
Answer: