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Culver Corporation, a public company, has the following investments at November 30, 2021: 1. Investments held for trading purposes: common shares of National Bank, carrying
Culver 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 $20,500, fair value $21,300, and five-year, 5% bonds of Turbo Corp., carrying amount $41,000, fair value $39,400 2. FVTOCI investment: 25% of the common shares of Sword Corp., carrying amount $88,600, fair value $86,100 3. Strategic investment: common shares of Epee Inc. (30% ownership), cost $172,200, equity method balance $205,000 4. Debt investment purchased to earn interest: bonds of Ghoti Ltd. maturing in four years, amortized cost $123,000, fair value $143,500 5. Debt investment purchased to earn interest: Canadian government 120-day treasury bill, purchased at $20,500, $103 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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