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  3. p co paid $140,000 for a 70% interest in s co.on 1

P Co paid $140,000 for a 70% interest in S co.on 1/1 2019,when S had...

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Accounting

P Co paid $140,000 for a 70% interest in S co.on 1/1 2019,when S had Capital Stock of $50,000 and Retained Earnings of $100,000. Fair values of net assets were the same as recorded book values. During 2019, had income of $20,000, declared dividends of $7,500,What will be the Balance of investment in S CO in P Co books On 31/12/ 2019 if it used equity methods? .

Select one:

a. 148,750

b. 150,000

c. 147,500

d. 152,500

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