Sabre Corporation, a public company, has the following investments at November 30, 2017: 1. Investments held for

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Sabre Corporation, a public company, has the following investments at November 30, 2017:
1. Investments held for trading purposes: common shares of National Bank, carrying value $25,000, fair value $26,000, and five-year, 5% bonds of Turbo Corp., carrying value $50,000, fair value $48,000
2. FVTOCI investment: 25% of the common shares of Sword Corp., carrying value $108,000, fair value $105,000
3. Strategic investment: common shares of Epee Inc. (30% ownership), cost $210,000, equity method balance $250,000
4. Debt investment purchased to earn interest: bonds of Ghoti Ltd. maturing in four years, amortized cost $150,000, fair value $175,000
5. Debt investment purchased to earn interest: Canadian government 120-day treasury bill, purchased at $25,000, $125 interest accrued to November 30, 2017
Show how the investments would be reported in the assets section of the balance sheet.
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Accounting Principles

ISBN: 978-1119048473

7th Canadian Edition Volume 2

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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