Financial reports are the primary means by which corporations report their performance and financia condition. Financial statements are one component of the annual report mailed to their shareholders an other stakeholders having a vested interest in the company. Locate a recent annual report of a publi company that includes a footnote that describes an investment in securities available-for-sale. Required: (a) Briefly explain the different types of investment companies make in the securities of other companies. (6 marks) (b) Under what caption are the investments reported in the comparative balance sheets? Are they reported as current or noncurrent assets? (4 marks)