16. Under IFRS No. 9, which is not a category for accounting for investments?

A. Held-to-maturity C. Amortized cost B. Fair value through profit and loss

17. Trading securities are most commonly found on the books of

A. banks.

B. manufacturing companies.

C. oil companies.

D. foreign subsidiaries.

18. Hanford Inc. purchased several investments in debt securities during 2018, its first year of operations. The following information pertains to these securities. The fluctuations in their fair values are not considered permanent.

Fair	Fair	Amortized	Amortized
	Value	Value	Cost	Cost
Held to Maturity Securities:	12/31/2017	12/31/2018	12/31/2017	12/31/2018
ABC Co. Bonds	$375,000	$400,000	$367,500	$360,000
	Fair Value	Fair Value
Trading Securities:	12/31/2017	12/31/2018	Cost
DEF Co. Bonds	$48,000	$59,500	$66,000
GEH Inc. Bonds	$47,000	$77,000	$39,000
IJK Inc. Bonds	$44,000	$38,500	$32,900
	Fair Value	Fair Value
Available for Sale Securities:	12/31/2017	12/31/2018	Cost
LMN Co. Bonds	$130,500	$150,400	$140,000

What total unrealized holding gain would Hanford report in its 2019 income statement relative to its investment securities?

A. $80,900

B. $55,900

C. $36,000

D. $48,200

19. A long-term liability should be reported as a current liability in a classified balance sheet if the long-term debt

A. will be refinanced with stock.

B. is secured by adequate collateral.

C. will be refinanced with debt.

D. is callable by the creditor.

20.On July 1, 2017, Pyntie Corporation acquired 40% of the shares of Jillian Company. Pyntie paid $3,000,000 for the investment, and that amount is exactly equal to 40% of the fair value of identifiable net assets on Jillian's balance sheet. Jillian recognized net income of $1,000,000 for 2017 and paid $150,000 in quarterly dividends to its shareholders. After all closing entries are made, Pyntie's "Investment in Jillian Company" account would have a balance of

A. $3,080,000.

B. $3,000,000.

C. $3,200,000.

D. $3,160,000.