Fill in the blanks to indicate how investments are reported under IFRS. a. Financial instruments are measured

Question:

Fill in the blanks to indicate how investments are reported under IFRS.

a. Financial instruments are measured at ______________.

b. Gains or losses on equity investments with no significant influence are recorded under _______.

c. Significant influence is a rebuttable assumption. It is presumed if an investor holds (directly or indirectly) ____________ or more of the votes.

d. Joint ventures are accounted for using the _______________method.

e. Minority interest is shown on the balance sheet _________________but separate from the parent's ___________________.

f. Short-term investments in bonds are measured and reported at__________________.

g. Long-term investments in bonds are amortized using the _______________.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...