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Swifty Corporation, a public company, has the following investments at November 30, 2021: 1. Investments held for trading purposes: common shares of National Bank, carrying
Swifty 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 $19,000, fair value $19,800, and five-year, 5% bonds of Turbo Corp., carrying amount $38,000, fair value $36,500 | |
2. | FVTOCI investment: 25% of the common shares of Sword Corp., carrying amount $82,100, fair value $79,800 | |
3. | Strategic investment: common shares of Epee Inc. (30% ownership), cost $159,600, equity method balance $190,000 | |
4. | Debt investment purchased to earn interest: bonds of Ghoti Ltd. maturing in four years, amortized cost $114,000, fair value $133,000 | |
5. | Debt investment purchased to earn interest: Canadian government 120-day treasury bill, purchased at $19,000, $95 interest accrued to November 30, 2021 |
Show how the investments would be reported in the assets section of the balance sheet.
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