Your client has made several investments over the past year: 1.) A private company in which it owns 44% of the outstanding common stock which provide majority of voting rights 2.) An entity with no employees which holds debt of another company and the fixed assets in which were financed with the debt 3.) Shares in a publicly traded company which gives it a 5% interest in the company 4.) Shares representing 21% of the outstanding common stock of a public company. 5.) Debt which can be converted to common stock of the company through a detachable warrant. If the warrant is exercised the holder will get a fixed number of shares based upon the current share trading prices in exchange for the settlement of debt. In other words they could sell the warrant to a third party who could exercise at the stipulated price and simply get repaid cash or exercise the warrant and get stock in exchange for settling the debt/ Please provide and accounting analysis for each of the five scenarios