Abioye Inc., a public company, had the following investment transactions:
1. Purchased Chang Corporation preferred shares as trading investment.
2. Received a stock dividend on the Chang preferred shares.
3. Purchased Government of Canada bonds for cash as a trading investment.
4. Accrued interest on the Government of Canada bonds.
5. Purchased Micmac Inc.'s bonds to earn interest.
6. Sold half of the Chang preferred shares at a price less than originally paid.
7. Purchased 25% of Xing Ltd.'s common shares, which was enough to achieve significant influence.
8. Accrued interest on Micmac Inc. bonds.
9. Xing paid a cash dividend.
10. Purchased 12% of the common shares of Sarolta Ltd. Abioye have made a hostile bid to acquire Sarolta's remaining common shares.
11. Received a dividend on the Sarolta Ltd. shares.
12. Received Sarolta's financial statements, which reported a profit for the year.
13. Received Xing's financial statements, which reported a loss for the year.
14. The fair value of Chang's preferred shares was lower than carrying value at year end.
15. The fair value of the Government of Canada bonds was higher than carrying value at year end.
16. The fair value of Sarolta's common shares was higher than carrying value at year end.
17. The fair value of Micmac Inc.'s bonds was lower than carrying value at year end.
Instructions
Using the following table format, indicate whether each of the above transactions would result in an increase (+), a decrease (-), or no effect (NE) in each category. The first one has been done for you as an example. Where Abioye has a choice, it reports gains and losses in other comprehensive income.

Taking It Further
Assume instead that Abioye Inc. is a Canadian private company. How would your response to the question differ if the company reported under ASPE?

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Statement of Comprehensive Income Other Balance Sheet Income Statement Shareholders Assets Liabilities Revenues Expenses Pro Comprehensive Income NE (+) NE NE NE NE NE NE