Hawk Corporation purchased 10,000 shares of Diamond Corporation common stock in 2016 for $50 per share. Hawk Corporation does not have significant influence over Diamond Corporation. Diamond's market value was $60 per share on December 31, 2017 and $65 on December 31, 2018. During 2019, Hawk sold all of its Diamond stock at $70 per share. In its 2019 income statement, Hawk would report a gain from this investment of:'
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Business, 22.06.2019 10:00
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Hawk Corporation purchased 10,000 shares of Diamond Corporation common stock in 2016 for $50 per sha...
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