boomerjm
boomerjm
27.02.2020 • 
Business

Hawk Corporation purchased 10,000 shares of Diamond Corporation common stock in 2016for $50 per share. HawkCorporation does not have significant influence over Diamond Corporation. Diamond's market value was $60 per share on December 31, 2017and $65 on December 31, 2018. During 2019, Hawk sold all of its Diamond stock at $70 per share. In its 2019income statement, Hawk would report a gain from this investment of:

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