Rosno Group Limited’s 2019 balance sheet includes a line that shows that ‘Investments accounted for using the equity method increased from $30.2m to $33.4m’.

1. Where in the balance sheet would this amount be shown? 

2. In the notes to the accounts Rosno shows the items that increase and decrease this account. What would be the main item that increased the balance and one that decreased the balance? 

3. If Rosno had used the cost method instead of the equity method would the account investments accounted for using the equity method be higher or lower?