Sabre Corporation, which reports under IFRS, has the following investments at December 31, 2015: 1. Trading investments:

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Sabre Corporation, which reports under IFRS, has the following investments at December 31, 2015:
1. Trading investments: common shares of National Bank, cost $25,000, fair value $29,000.
2. Investment in an associate (40% ownership): common shares of Sword Corp., cost $110,000, fair value cannot be determined as the shares do not trade publicly. Investment was purchased on January 1, 2015. For the year ended December 31, 2015, Sword Corp. reported profit of $25,000 and paid out dividends of $8,000.
3. Equity investment: common shares of Epee Inc. (18% ownership) purchased on July 1, 2015, cost $210,000, fair value at December 31, 2015, $275,000. Management intends to purchase more shares of Epee in two years. Epee earned
$21,000 for the year ended December 31, 2015, and paid out dividends of $1,000, which were received at the end of each quarter in 2015.
4. Bond investment that is to be held to maturity: bonds of Ghoti Ltd., purchased at a cost equal to its maturity value of $160,000, fair value $172,000.
Prepare a partial statement of financial position for Sabre Corporation at December 31, 2015?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...
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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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