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Q: investment A would be record as?

a. associate

b. trading security

c. held to maturity

d. joint venture

e. held for sale

Q: investment b would be record as?

a. associate

b. trading security

c. held to maturity

d. joint venture

e. held for sale

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. 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 shares are undervalued and that the company could make a quick profits shares within the next 12 months. Invest Up purchased the shares at sea received $0.30 per share dividends during the year. The shares traded fiscal year-end. ve th Investment B: The company purchased 12,000 units of a mutual fund which co $28 each. Management had no specific trading intentions for this investment: t was a means of parking excess cash. At the end of the year, the units had a arket value of $24. Investment B: The company purchased 12.000 units of a mutual fund which cost 328 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 ver Builder Bee reported net income of $1,500,000 and paid total dividends of Sis Question: Investment A would be recorded as a) Held for sale b) Trading securities Investment A would be recorded in the balance sheet at the end of the fiscal year for a) 870.000 b) 540.000 Oc) 879.000 d) 339.000 Investment would be recorded in the balance sheet at the end of the fiscal year for a) 48.000 Ob) 288.000 c) 336.000 d) None of the above Investment A would be recorded in the Income statement or Statement of comprehensive income at the end of the fiscal year at a) 540.000 b) 870.000 OC) 330.000 d) 339.000 Investment B would be recorded in the Income statement or Statement of comprehensive income at the end of the fiscal year at a) 336.000 Ob) 288.000 Od) -48.000 d) None of the above

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