Olsztyn Inc. had the following investment transactions:
1. Purchased Arichat Corporation common shares as a trading investment and accounts for them using the fair value through profit or loss model.
2. Received a cash dividend on Arichat common shares.
3. Purchased Bombardier bonds intending to hold them to maturity and account for them using the amortized cost model.
4. Received interest on Bombardier bonds.
5. Sold half of the Bombardier bonds at a price greater than originally paid.
6. On the first day of the year, purchased 40% of LaHave Ltd.'s common shares, which was enough to achieve significant influence and account for the investment using the equity method.
7. Received LaHave's financial statements, which reported profit for the year.
8. Received a cash dividend from LaHave.
9. The fair value of Arichat's common shares was higher than cost at year end.
10. The fair value of Bombardier's bonds was lower than their amortized cost at year end and the fair value of LaHave Ltd.'s common shares is unknown.
Instructions
(a) Using the following table format, indicate whether each of the above transactions would result in an increase (1), a decrease (2), or have no effect (NE) on the specific element on the statement. The first one has been done for you as an example.

(b) If the company were reporting under IFRS, would any alternative(s) to the models chosen above be allowed? Explain.
(c) If the company were reporting under ASPE, would any alternative(s) to the models that were initially chosen be allowed? Explain.

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Statement of Financial Position Income Statement Shareholders' Revenues Expenses and Losses Assets Liabilities Equiiy and Gains Proiii 1. (+/-)NE NE NE NE NE NE