Sabre Corporation, which reports under IFRS, has the following investments at December 31, 2018: 1. Held for

Question:

Sabre which reports under IFRS, has the following investments at December 31, 2018:
1. Held for trading investments: common shares of National Bank, cost $38,000, fair value $45,000.
2. Investment in an associate (40% ownership): common shares of Sword Corp., cost $220,000, fair value cannot be determined because the shares do not trade publicly. The investment was purchased on January 1, 2018. For the year ended December 31, 2018, Sword Corp. reported net income of $50,000 and declared and paid dividends of $16,000.
3. Equity investment: common shares of Epee Inc. (18% ownership) purchased on July 1, 2018, cost $420,000, fair value at December 31, 2018, $550,000. Management intends to purchase more shares of Epee in two years. Epee earned $42,000 for the year ended December 31, 2018, and declared and paid dividends of $2,000, which were received at the end of each quarter in 2018.
4. Bond investment that is to be held to bonds of Ghoti Ltd., purchased at a cost equal to its value of $320,000, fair value $344,000.
Prepare a partial statement of financial position for Sabre at December 31, 2018.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...