Cameco Corp., a publicly traded company and the world's largest producer of uranium concentrates, has several long-term investments. These include a 100% investment in Cameco Europe, a 20.3% investment in UEX Corporation (a publicly traded company that Cameco does not want to trade), a 24% interest in GE-Hitachi Global Laser Enrichment LLC (a private corporation with no determinable fair value that Cameco does not wish to trade), and an insignificant investment in an unnamed public company that the company intends to hold over the long term.
Instructions
(a) Indicate whether each of the above investments should be accounted for using the cost model, the fair value through profit or loss model, or the equity method, and explain why.
(b) Which of the above investments, if any, should be consolidated with Cameco's operations?