Under IFRS, which of the following describes how other comprehensive income should be reported? Should not be reported in the financial statements, but should only be disclosed in the footnotes. Must be reported in the shareholders' equity section of the statement of financial position. Must be reported in a statement of comprehensive income. Must be reported in the income statement. If one company owns more than 50% of the common shares of another company a partnership exists. the company whose shares are owned must be liquidated. a parent-subsidiary relationship exists. the cost method should be used to account for the investment. Other Comprehensive Income includes cost method unrealized gains or losses. fair value through profit or loss method realized gains or losses. amortized cost method realized gains or losses. fair value through OCI method unrealized gains or losses. Realized gains and losses on the sale of investments must appear on the income statement as operating revenues (expenses). other comprehensive income. other revenues and gains (other expenses and losses). an adjustment to interest expense. All of the following statements concerning strategic investments are true, except they are purchased for the strategic purpose of influencing relationships between companies. they include held for trading investments. they are equity securities. they are generally long-term investments