Invest Up Hardware operates a chain of hardware stores. Recent operations have been stable and profitable, resulting in a significant amount of cash inflows. During the past fiscal year ended December 31, the company made a number of investments, as described below. 12 Investment A: Invest Up bought 30,000 shares of Machine Mart, a supplier of equipment for construction and renovations. With in-depth knowledge of the hardware retailing business, Invest Up's management believes that Machine Mart's shares are undervalued and that the company could make a quick profit selling the shares within the next 12 months. Invest Up purchased the shares at $18 each, and received $0,30 per share dividends during the year. The shares traded at $29 at the fiscal year-end. Investment B: The company purchased 12,000 units of a mutual fund which cost $28 each. Management had no specific trading intentions for this investment; rather, it was a means of parking excess cash. At the end of the year, the units had a quoted market value of $24 Investment C: At the beginning of the year, Invest Unha wesi Bilder Rollowestmann 2021 - Requires 200.00 Time Left-1-1022 Alex Kavil: Attempt 1 the past niscal year endea vecember 31, the company made a number or investments, as described below. 12 Investment A: Invest Up bought 30,000 shares of Machine Mart, a supplier of equipment for construction and renovations. With in-depth knowledge of the hardware retailing business, Invest Up's management believes that Machine Mart's shares are undervalued and that the company could make a quick profit selling the shares within the next 12 months. Invest Up purchased the shares at $18 each, and received $0.30 per share dividends during the year. The shares traded at $29 at the fiscal year-end 15 Investment B: The company purchased 12,000 units of a mutual fund which cost $28 each Management had no specific trading intentions for this investment; rather, it was a means of parking excess cash. At the end of the year, the units had a quoted market value of $24 Investment C: At the beginning of the year, Invest Up bought 25% of the common shares in Builder Bee (Investment C), one of its smaller suppliers, for $6 million. These shares had a fair value of $6.6 million at the end of the year. During the year, Builder Bee reported net income of $1,500,000 and paid total dividends of $10,000 Question 20 (2 points) Listen Investment C would be recorded as a) Trading securities b) Held for sale c) Held to maturity d) Associate el Joint Venture