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. Dividends received
7. Trading securities only
8. Equity investments in ABC Corporation measured under the irrevocable option permitted by IFRS 9.
9. Decreases the share in associate's net
10. Increases the share in associate's net income

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