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Hawk Corporation purchased 10,000 shares of Diamond Corporation stock in 2013 for $68 per share...

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Accounting

Hawk Corporation purchased 10,000 shares of Diamond Corporation stock in 2013 for $68 per share and classified the investment as securities available for sale. Diamond's market value was $89 per share on December 31, 2014 and $95 on December 31, 2015. During 2016, Hawk sold all of its Diamond stock at $140 per share. In its 2016 income statement, Hawk would report:

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