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What Hardwell Industries would report on its balance sheet

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Reference no: EM133086123

Question - Hardwell Industries acquired common stock of Calderson, Inc. as an investment.  Consider the following transactions in 2018:

Purchase 5,000 (20%) of the common shares of Calderson, Inc. for $18.00 per share.

Calderson reports net income of $98,000.

Hardwell receives a cash dividend of $2.20 per share from Calderson, Inc.

Year-end market price of Calderson is $23.50 per share

Show what Hardwell Industries would report on its balance sheet in 2018 and on its income statement in 2018 if the investment is classified as a passive investment in marketable equity securities and if classified as an equity method investment.

Reference no: EM133086123

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