Question: On January 1 , 2 0 2 4 , Hamer, Inc. decides to invest in 9 , 8 0 0 shares of Dressage stock when

On January 1,2024, Hamer, Inc. decides to invest in 9,800 shares of Dressage stock when the stock is sel to stockholders. On December 31,2024, Dressage reports net income of $90,000 for 2024. Assume Dress influence over Dressage.
Read the requirements.
Requirement 1. Identify what type of investment the Dressage stock is for Hamer.
Hamer's investment would be investment.
Requirement 2. Journalize the transactions related to Hamer's investment in the Dressage stock during 20 entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanatic
On January 1,2024, Hamer, Inc. decides to invest in 9,800 shares

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