dont copy other chegg answers and no plagurism please

b. During the reporting period, Bradford Ltd purchased 6% of the ordinary shares of Edge Hill, a public limited company. The share price of Edge Hill has risen considerably over the year and the fair value of the shares at the reporting date is 9 million. Edge Hill is listed on a stock exchange, and so Bradford Ltd can sell the shares quickly if it experiences short-term cash flow shortages. The finance director has included this investment at 9 million as part of cash and cash equivalents' in the statement of cash flows. Discuss this accounting treatment in accordance with IAS 7. (6 Marks)