Sabre Corporation, a public company, has the following investments at November 30, 2021: 1. Investments held for

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Sabre Corporation, a public company, has the following investments at November 30, 2021:

1. Investments held for trading purposes: common shares of National Bank, carrying amount $25,000, fair value $26,000, and fi ve-year, 5% bonds of Turbo Corp., carrying amount $50,000, fair value $48,000

2. FVTOCI investment: 25% of the common shares of Sword Corp., carrying amount $108,000, fair value $105,000

3. Strategic investment: common shares of Epee Inc. (30% ownership), cost $210,000, equity method balance $250,000

4. Debt investment purchased to earn interest: bonds of Ghoti Ltd. maturing in four years, amortized cost $150,000, fair value $175,000

5. Debt investment purchased to earn interest: Canadian government 120-day treasury bill, purchased at $25,000, $125 interest accrued to November 30, 2021

Show how the investments would be reported in the assets section of the balance sheet.

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Accounting Principles Volume 2

ISBN: 978-1119502555

8th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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