Gardens, Inc. invests its excess cash in Innovative Technolo…
Questions
Gаrdens, Inc. invests its excess cаsh in Innоvаtive Technоlоgies, Inc. and acquires 1,300 shares for $25.00 per share. Garden, Inc. owns less than 1% of Innovative's voting stock and plans to hold the stock for two years. Which of the following is the correct journal entry for the transaction?