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GreatBurger, Inc., an Americanfood company, acquires a controlling share (12%) of Asahikawa Ichiban, a Japanese...

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Accounting

GreatBurger, Inc., an Americanfood company, acquires a controlling share (12%) of Asahikawa Ichiban, a Japanese food processing firm, for $1 million dollars. In what category will this transaction be recorded in the balance of payments statement for the United States?
GreatBurger's acquisition would qualify as a "direct investment" part of the financial account section, and it would be recorded as a credit of +$1M.
GreatBurger's acquisition would qualify as a "portfolio investment" part of the financial account section, and it would be recorded as a debit of -$1M.
GreatBurger's acquisition would qualify as a "direct investment" part of the financial account section, and it would be recorded as a debit of -$1M.
GreatBurger's acquisition would qualify as a "porftolio investment" part of the financial account section, and it would be recorded as a credit of +$1M.
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