Which of the following financial assets would be included under the FVOCI category of financial assets? (choose the option that best fits and assume that an irrevocable election has not been made in any of the situations) The reporting entity purchased $100,000 worth of 6% bonds maturing in 5 years with the intention of collecting the contractual cash flows. The reporting entity purchased 65% of the outstanding shares of a company. The purchase agreement specifies that the company's founder retains the right to make all operating decisions for the company. The reporting entity purchased 70,000 of a company's shares that it now hold 70% of the voting power in. The reporting entity purchased 20, $1000, 5% bonds maturing in 20 years. Management's intention is to profit from changes in value and collect contractual cash flows The reporting entity purchases 1,000 common shares in a public company with 100 million shares outstanding Question 3 1 pts Which statement is NOT correct? FVOCI investments are carried at fair value. O An arrangement that gives rise to a financial asset for one entity and a financial liability or equity instrument for another entity is a financial instrument Amortized cost investments are carried at fair value. OFVPL investments are carried at fair value. Question 4 1 pts Which of the following options best describes what "control" means? The power to share in strategic decisions affecting an entity The power to participate in the financial and operating policy decisions of the investee The power to govern the financial and operating policies of an entity The power to sell the shares of an entity