You own a successful chocolate company and company and would like to expand your business and invest in an online candy company. You'vd found the perfect company, Online Confections of a Chocoholic. You have reviewed the 10-K report and financial statements. You are satisfied with this choice as an investment. Now, you much decide how much to invest in Online Confections of a Chocoholic. You have a choice to own as much as you want to invest.  Once you have decided how much you want ot own of Online Confections of a Chocoholic, go ahead and make the purchase. You'll now have to think about the jounral entries and disclosure statements for your new online-based business. 20% or less 20% to 50% 50% or more

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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You own a successful chocolate company and company and would like to expand your business and invest in an online candy company. You'vd found the perfect company, Online Confections of a Chocoholic. You have reviewed the 10-K report and financial statements. You are satisfied with this choice as an investment. Now, you much decide how much to invest in Online Confections of a Chocoholic. You have a choice to own as much as you want to invest. 

Once you have decided how much you want ot own of Online Confections of a Chocoholic, go ahead and make the purchase. You'll now have to think about the jounral entries and disclosure statements for your new online-based business.

20% or less

20% to 50%

50% or more

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What would be the journal entries at year end? I'm reading multiple different things.  Thank you

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