Question: Answer the questions by using your own words and provide dedailed examples. 1)Identify the classes for debt and share investments? 2)When non-strategic investments are accounted

Answer the questions by using your own words and provide dedailed examples.

1)Identify the classes for debt and share investments?

2)When non-strategic investments are accounted for using the fair value method, when should investment income be recognised?

3)When share investments are accounted for using the equity method, when should investment income be recognised? What accounts are debited and credited?

4)How is interest recognized on debt investments that are expected to be held for their contract life?

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