Busi 2222 Handout Assignment ch 16 Due: March 25, 2021 Chapter 16 Handout Assignment Question 1 Assuming that none of these are cash equivalents, for each of the following investments owned by Kowanda Industries, use the table provided to indicate whether it is most likely to be a) A non-strategic or a strategic investment: b) Classified as current assets or non-current assets; and c) measurement Method Investment b) Non-strategic or Current Assets, or Measurement Strategic? Method C. Non-Current Assets 10 year bonds; purchased and held with the intention of using the proceeds at the bond maturity to replace existing equipment that is expected to have a 10 year life. Common shares of a supplier purchased with the intention of electing a representative to the supplier's board of directors. The supplier is a private corporation. The shares owned by Kowanda comprise 15% of the total shares Common shares purchased on the TSX on the expectation that the trading price will increase in the near future, at which time they will be sold 90-day Treasury Bills purchased with excess cash, with the knowledge that the cash will be required in 90 days to pay for inventory 30 day, US dollar money-market funds purchased for resale