On December 31, 2012, Val d'Or Ltée, a publicly traded company, held the following debt and equity investments:

Instructions
(a) Calculate the cost and fair value of Vald'Ors investment portfolio at December 31.
(b) If Vald'Or considers its entire portfolio to be trading investments, at what value should the investments be reported on the statement of financial position at December 31? At what amount, and where, should any unrealized gains or losses on the debt securities be reported?
(c) If Val d'Or intends to hold the debt securities until maturity, at what value should the investments be reported on the statement of financial position at December 31? At what amount, and where, should any unrealized gains or losses be reported?
(d) If all of the investments held by Vald'Or related to private companies and no fair value information relating to these securities could be obtained, what would be the impact on the income statement and on the statement of financial position?

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uantit Cost per Unit Fair Value per Unit Debt Securities CIBC bonds Government of Canada bonds Equity Securities Bank of Montreal Fortis Inc. TransCanada Corp. 2,000 1,000 $100 100 $ 97 135 2,000 5,000 5,000 29 36 61 32 40