Match each phrase with the correct term.

1. Losses of investee
2. Fair value gains and losses
3. Equity investments
4. Fair value through other comprehensive income
5. Business purpose test
6. Overvalued PPE of the associate
7. Cost method not permitted
8. Undervalued PPE of the associate
9. Changes in fair value affect net income
10. Reported in the income statement for trading securities
11. Realized gains and losses for equity securities are not reclassified into net income.
12. FVOCI equity securities
13. Reduces investment account under the equity method if its fair value is higher than its book value.
14. Reduces the investment account balance under the equity method
15. Recognized only to the extent of carrying value under the equity method
16. One of the criteria that must be met under IFRS No. 9 to qualify for use of the amortized cost method.