Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. hawk corporation purchased 10,000 shares of diamon

Hawk Corporation purchased 10,000 shares of Diamond Corporation stock in 2013 for $58 per share...

60.1K

Verified Solution

Question

Accounting

Hawk Corporation purchased 10,000 shares of Diamond Corporation stock in 2013 for $58 per share and classified the investment as securities available for sale. Diamond's market value was $80 per share on December 31, 2014 and $96 on December 31, 2015. During 2016, Hawk sold all of its Diamond stock at $143 per share. In its 2016 income statement, Hawk would report:

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

The following balances were taken from the books of ShamrockCorp. on December 31, 2017.Interest...The...

Advance Math
1.2K views

Find the conjugacy classes in S3AND write down the class equation for S3 We know that S3...

Basic Math
1.2K views

a human resource survey revealed that 30% of job applicants cheat on their psychometric test. use...

Biology
1.2K views

QUESTION 46 Which one of the following is a human blood type? ABO- Rh+ E+ B- Rh 1 points    QUESTION 47 Which one...

Medical Sciences
1.2K views

Describe the interaction between central command, arterial baroreflexes, and skeletal muscle afferents during acute exercise (low intensity...

Physics
1.2K views

1 55 A positive charge Q is fixed at a point A Another positively charged...

Calculus
1.2K views

1 point Evaluate the integral by interpreting it in terms of areas 2 4x dx

Algebra
1.2K views

1 3 5 6 yd 9 in 5 yd 8 in 9 cm 1 14...

Accounting
1.2K views

Pablo Management has five employees, each of whom earns $250 per day. They are paid...

Accounting
1.2K views

Question 1.1 Calculate Anne's remuneration for 15 April 2022. (4 marks) INFORMATION The normal...

Accounting
1.2K views

Accounting
1.2K views

urgent pls State whether the statement is true or false. Targeting the interest rate...