The way in which a company accounts for its investments is determined by the nature and purpose of the investment. For each of the following investment situations, indicate if the investment (a) would be considered a debt or equity investment, (b) is a strategic or non-strategic investment, (c) should be classified as a current or a non-current asset, and (d) should be reported at cost, amortized cost, fair value, or equity. (a) (b) (c) (d) 1. A public company reporting under IFRS purchases 25% of the common shares of one of its suppliers to ensure a reliable source of raw materials. The ownership percentage provides significant influence. 12 2. A private company reporting under ASPE purchases 25% of the common shares of one of its suppliers to nsure a reliable source of raw materials They paid $2 above the market price. The ownership percentage does not provide significant influence but the common shares of DEL A ENG 2331 shares of the supplier are traded on the stock market. A company reporting under IFRS purchased 10-year bonds to 3. earn interest income. 4. A public company reporting under IFRS purchased common shares from another company, with plans to sell them if the share price increases. 5. A private company reporting under ASPE purchased shares for trading 6. A private company reporting under ASPE purchased government treasury bills. 7. A private company reporting under ASPE purchased 15% of the common shares of a company "to hold" for which there is no quoted market price