Refer to the financial statements and accompanying notes for Reitmans (Canada) Limited presented in Appendix A. In

Question:

Refer to the and accompanying notes for Reitmans (Canada) Limited presented in Appendix A. In its comprehensive income statement for the year ended January 28, 2012, Reitmans reported $530,000 of fair value gains on investments in other comprehensive income.
Instructions
Would these fair value gains relate to trading investments or other investments? Explain.
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...