Sponsor Corporation, an investment banking company, often has extra cash to invest. Suppose Sponsor buys 800 shares of Night Corporation stock at $32 per share representing less than 15% of Night's outstanding stock. Sponsor expects to hold the Night stock for one month and then sell it. The purchase occurs on December 15, 2021. At December 31, the market price of one share of Night stock is $43 per share. Read the requirements. Requirement 1. What type of investment is this for Sponsor? Give the reason for your answer. Sponsor's investment is because the company intends to sell the stock trading debt securities a long-term investment a short-term investment It is an investment in because Sponsor purchased less than 15% of Night's outstanding shares.

Sponsor Corporation, an investment banking company, often has extra cash to invest. Suppose Sponsor buys 800 shares of Night Corporation stock at $32 per share representing less than 15% of Night's outstanding stock. Sponsor oxpects to hold the Night stock for one month and then sell it. The purchase occurs on December. 15. 2021. At December 31, the market price of one share of Night stock is \$43 per share. Read the tequirements. Requirement 1. What typo of investment is this for Sponsor? Gwe the reason for your answor: Sponsor's investment is becauso the corrpany intends to sell the stock It is an investmont in V bocause Sponsor purchased less than 15% of Nighr's outstanding shares. a long-tosm investment a short-4erm investment Sponsor Corporation, an investment banking company, often has extra cash to invest. Suppose Sponsor buys 800 shares of Night Corporation stock at $32 per share representing less than 15% of Nigh's outstanding stock. Sponsor expects to hold the Night stock for one month and then sell it. The purchase occurs on Decenber 15 2021. At December 31, the market price of one share of Night stock is $43 per share. Read the cequirements Requirement 1. What type of investment is this for Sponsor? Give the reason for your answer. Sponsor's investment is because the company intends to sell the stock It is an investment in with because Sponsor purchased less than 15% of Nights outstinding shares available-for-sale debt securities equity secunties held-to-matunty debt secuntios trading debt securities ponsor Corporation, an investment banking company, Often has extra cash to inwest. Suppose Sponsor buys 800 shares of Night Corporation stock at $32 per sharo apresenting less than 15% of Night's outstanding stock. Sponsor expects to hold the Night stock for one month and then sell it. The purchaso occurs on Docember 15 , Read th Requirements 1. What type of investment is this for Sponsor? Give the reason for your answer 2. Record Sponsor's purchase of the Night stock on December 15 and the adjustment to market value on Decomber 31 3. Show how Sponsor would report this investment on its batance sheet at Decomber 31 and any gain or lass on its income statement for the year ended December 31, 2021 It is an investment in ighfs outstanding shares Sponsor Corporation, an invostment banking company, ofton has extra cash to invest/ Suppose Sponsor buys 800 shares of Night Corporation stock at $32 per share representing less than 15% of Nighr's outstanding stock. Sponsor expects to hold the Night stock for one month and then selt it. The purchase occurs on December 15 2021. At December 31, the market price of one share of Night stock is \$43 per share. Read the requicements. Requirement 1. What type of inwestment is this for Sponsor? Give tha reason for your answot. Sponsor's investment is becauso the compary intends to selt the stock It is an investrrent in because Sponsor purchasod less than 15% of Nights outstanding shares a long-term investment a shorterm investment Sponsor Corporation, an investment banking company, often has extra cash to invest. Suppose Sponsor buys 800 shares of Night Corporation stock at \$32 per share representing less than 15% of Night's outstanding stock. Sponsor expects to hold the Night stock for one month and then sell it. The purchase occurs on December 1 2021. At December 31, the markot price of one share of Night stock is \$43 per share. Read the requirements. Requirement 1. What type of imvestment is this for Sponsor? Give the reason for your answer: Sponsor's imvestment is because the company intends to sell the stock It is an investment in with because Sponsor purchased less than 15% of Night's outstanding shares. Sponsor Corporation, an investment banking company, often has extra cash to invest. Suppose Sponsor buys 800 shares of Night Corporation stock at $32 per share representing less than 15% of Night's outstanding stock. Sponsor expects to hold the Night stock for one month and then sell it. The purchase occurs co December 15 , 2021. Al December 31, the market price of one share of Night stock is $43 por share. Read the requirements. Requirement 1. What type of irvestment is this for Sponsor? Give the reason for your answer: Sponsor's investment is bocause the company intends to sell the stock It is an imvestment in with because Sponsor purchased loss g shares