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 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 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: Investment A would be recorded as Question: Investment A would be recorded as a) Joint Venture b) Trading securities c) Held to maturity d) Associate e) Held for sale Listen Investment A would be recorded in the balance sheet at the end of the fiscal year for a) 870.000 b) 540.000 c) 879.000 d) 339.000 ly Quescion 19 (2 points) 15 Isten Investment B would be recorded as 18 a) Trading securities 21 b) Held for sale H O c) Held to maturity 24 d) Associate e) Joint Venture Question 22 (3 points) Listen Investment B would be recorded in the balance sheet at the end of the fiscal year for a) 336.000 b) 48.000 c) None of the above d) 288.000 Que tion 20 (2 points) Listen 15 Investment C would be recorded as 18 a) Trading securities 21 b) Held for sale c) Held to maturity d) Associate e) Joint Venture Question 24 (3 points) Listen 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 b) 288.000 c) -48.000 d) None of the above Question 23 (3 points) Listen Investment A would be recorded in the Income statement or Statement of comprehensive income at the end of the fiscal year at Oa) 540.000 b) 870.000 c) 330.000 d) 339.000 lum