Straight-line amortization of a premium or discount on an investment in another entity's bonds is allowable in which situation? Select one: a. if the investment is issued at face value b. if the investment is immaterial c. if the investment is non-interest-bearing d. if the investment is held by a private entity When there is a sale of an FVOCl investment, three journal entries are made. These include all of the following except: Select one: a. adjustment of the investment's carrying amount to its fair value and capture of the holding gain up to that date in OCl. b. removal of the investment's carrying amount from the asset account and recording the proceeds on disposal. c. reclassification adjustment that transfers the holding gain now realized out of OCl and into either net income or retained earnings. d. recognition of the change in the investor's proportionate share of the net assets of the investee through an increase in the investment account. Under which impairment model are estimates of future cash flows used to determine the present value of the investment made on a continuing basis, rather than relying on a triggering event to occur? Select one: a. amortized cost loss model b. incurred loss model c. expected loss model d. fair value loss model The three impairment loss models for investments are Select one: a. the incurred loss, expected loss and fair value loss models b. the incurred loss, expected loss and other comprehensive income loss models c. the incurred loss, expected loss and unrealized loss models d. None of the above (none of the above correctly list the three impairment loss models). The requirement to include 100% of the assets and liabilities, and 100% of the revenues, expenses, gains, and losses under the parent's control when the ownership is less than 100%, leads to the need to report unique balance sheet and income statement accounts called: Select one: a. majority interest. b. variable interest. c. primary beneficiary. d. noncontrolling interest or minority interest