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A firm buys 30% of the stock of another company for $1,000. The effect of...

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Accounting

A firm buys 30% of the stock of another company for $1,000. The effect of the transaction on the accounting equation of the firm purchasing the stock was to:
Group of answer choices
increase an asset by $300; decrease another asset by $300
increase an asset by $300; increase owners' equity by $300
increase an asset by $1,000; decrease another asset by $1,000
increase an asset by $1,000; increase owners' equity by $1,000

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