Olsztyn Inc., a public company, had the following investment transactions:

1. Purchased Arichat Corporation common shares as a trading investment.
2. Purchased Bombardier bonds to earn interest.
3. Received interest on Bombardier bonds.
4. Purchased 10% of Havenot’s common shares. The company intends to bid on Havenot’s remaining common shares.
5. Purchased 40% of LaHave Ltd.’s common shares, which was enough to achieve significant influence.
6. LaHave paid a cash dividend.
7. Havenot paid a cash dividend.
8. Received LaHave’s financial statements, which reported profit for the year.
9. Received Havenot’s financial statements, which reported a loss for the year.
10. The fair value of Arichat’s common shares was higher than carrying value at year end.
11. The fair value of Bombardier’s bonds was lower than carrying value at year end.
12. The fair value of Havenot’s common shares was lower than carrying value at year end.
13. The fair value of LaHave Ltd.’s common shares was higher than carrying value at year end.

Instructions
Using the following table format, indicate whether each of the above transactions would result in an increase (+), a decrease (−), or no effect (NE) in each category. The first one has been done for you as an example. Where Olsztyn has the choice, it reports gains and losses in other comprehensive income.

TAKING IT FURTHER Assume instead that Olsztyn Inc. is a private company. How would your response to the question differ if the company reported under ASPE?