Question
Monty Corporation, a public company, has the following investments at November 30, 2021: 1. Investments held for trading purposes: common shares of National Bank, carrying
Monty 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 $ 24,500, fair value $ 25,500, and five-year, 5% bonds of Turbo Corp., carrying amount $ 49,000, fair value $ 47,000 2. FVTOCI investment: 25% of the common shares of Sword Corp., carrying amount $ 105,800, fair value $ 102,900 3. Strategic investment: common shares of Epee Inc. (30% ownership), cost $ 205,800, equity method balance $ 245,000 4. Debt investment purchased to earn interest: bonds of Ghoti Ltd. maturing in four years, amortized cost $ 147,000, fair value $ 171,500 5. Debt investment purchased to earn interest: Canadian government 120-day treasury bill, purchased at $ 24,500, $ 123 interest accrued to November 30, 2021 Show how the investments would be reported in the assets section of the balance sheet. MONTY CORPORATION Balance Sheet (Partial) choose the accounting period Assets select an opening name for section one select a balance sheet item $ enter a dollar amount select a balance sheet item enter a dollar amount $ enter a subtotal of the two previous amounts select an opening name for section two select a balance sheet item $ enter a dollar amount select a balance sheet item enter a dollar amount select a balance sheet item enter a dollar amount $ enter a subtotal of the three previous amounts eTextbook and Media Attempts: 0 of 3 used
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