Question: On January 1 , 2 0 2 4 , Hamer, Inc. decides to invest in 1 3 , 5 0 0 shares of Palomino stock

On January 1,2024, Hamer, Inc. decides to invest in 13,500 shares of Palomino stock when the stock is seling for $21 per share. On June 1,2024, Palomino paid a $0.60 per share cash dividend to stockholders. On December 31, Palomino reports net income of $80,000 for 2024. Assume Palomino has 30,000 shares of voting stock outstanding during 2024 and Hamer has significant influence over Palomino.
Read the requirements.
Requirement 1. Identify what type of investment the Palomino stock is for Hamer.
Hamer's investment would be investment.
On January 1 , 2 0 2 4 , Hamer, Inc. decides to

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