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Business, 28.07.2021 01:20 brittjay19

The summarized balance sheets of Blossom Company and Nash Company as of December 31, 2021 are as follows: Blossom Company Balance Sheet December 31, 2021
Assets $1750000
Liabilities $170000
Capital stock 875000
Retained earnings 705000
Total equities $1750000

Nash Company Balance Sheet December 31, 2021

Assets $1280000
Liabilities $280000
Capital stock 890000
Retained earnings 110000
Total equities $1280000

If Blossom Company acquired a 20% interest in Nash Company on December 31, 2021 for $300000 and the equity method of accounting for the investment were used, the amount of the debit to Equity Investments (Nash) would have been:

a. $300000.
b. $200000.
c. $256000.
d. $178000.

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The summarized balance sheets of Blossom Company and Nash Company as of December 31, 2021 are as fol...
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