A year ago you bought shares of stock in an investment company The investment company, in turn, buys, holds, and sells shares of business enterprises You want to use the financial statements of the investment company to assess its performance over the past year a What financial information about th...

a The performance of an investment company results from income earned on its investments dividends and interest and changes in the fair values of its ...

A year ago you bought shares of stock in an investment company. The investment company, in turn,

Question:

A year ago you bought shares of stock in an investment company. The investment company, in turn, buys, holds, and sells shares of business enterprises. You want to use the of the investment company to assess its performance over the past year.
a. What financial information about the investment company's holdings would be most relevant to you?
b. The investment company earns profits from appreciation of its investment securities and from dividends received. How would the concepts of recognition in the Conceptual Framework apply here?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...