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View Policies Current Attempt in Progress Ayayai Corporation, a public company, has the following investments at November 30, 2021: 1. 2. 3. 4. 5. Investments
View Policies Current Attempt in Progress Ayayai Corporation, a public company, has the following investments at November 30, 2021: 1. 2. 3. 4. 5. Investments held for trading purposes: common shares of National Bank, carrying amount $31,000, fair value $32,200, and five-year, 5% bonds of Turbo Corp., carrying amount $62,000, fair value $59,500 FVTOCI investment: 25% of the common shares of Sword Corp., carrying amount $133,900, fair value $130,200 Strategic investment: common shares of Epee Inc. (30% ownership), cost $260,400, equity method balance $310,000 Debt investment purchased to earn interest: bonds of Ghoti Ltd. maturing in four years, amortized cost $186,000, fair value $217,000 Debt investment purchased to earn interest: Canadian government 120-day treasury bill, purchased at $31,000, $155 interest accrued to November 30, 2021 Show how the investments would be reported in the assets section of the balance sheet. AYAYAI CORPORATION Balance Sheet (Partial) Assets Balance Sheet (Partial) Assets +A SA tA $ EA
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