Question: C 1 . Read Notes 4 . 1 0 . 2 , 4 . 1 0 . 5 , 2 4 , 3 4 .
C Read Notes and Focusing on investments accounted for at fair value through profit and loss FVTPL:
a As of December what is the balance of those investments in the balance sheet? Be specific regarding which line of the balance sheet includes the balance.
b How much of that balance is classified as current and how much as noncurrent?
c Is that balance stated at fair value? How do you know?
d How much of the fair value of those investments is accounted for using level I, level and level inputs of the fair value hierarchy? Given that information, assess the reliability representational faithfulness of this fair value estimate.
C Complete Requirement I again, but for investments accounted for as available for sale.
C Read Notes and
a When AF can exercise significant influence over an investee, what accounting approach do they use to account for the investment? How does AF determine if it can exercise significant influence?
b If AF exercises joint control over an investee by virtue of a contractual agreement, what accounting method does it use?
c What is the carrying value of AF's equitymethod investments in its December balance sheet?
d How did AF's equitymethod investments affect AF's net income from continuing operations?
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