Problem $2-10$ LO$1,2$ COX Limited is a multinational telecommunications company owned by a Canadian businesswoman $.$ It has numerous long $-$ term investments in a wide variety of equity instruments $.$ Some investments have to be measured at fair value at each reporting date $.$ In turn $,$ the unrealized gains will be reported in either net income or other comprehensive income $.$ Since COX has considerable external financing through a number of Canadian banks $,$ it applies IFRS for public companies in its general $-$ purpose financial statements $.$ The CFO of COX has heard about the new reporting standards for equity investments under IFRS $9$ but has had limited time to stud them in detail $.$ He would like you to prepare a presentation on the reporting requirements $.$ He wants to understand how equity investments should be reported $.$ More specifically $,$ he wants to know which investments must be measured at fair value and what the main rationale for this method of reporting is ; how to determine whether the unrealized gains are to be reported in net income or other comprehensive income and what the main rationale for the difference in reporting is ; and which investments $,$ if any $,$ will still be reported using the cost method $,$ using the equity method $,$ or on a consolidated basis $.$ Required Prepare the slides for the presentation $.$ Limit your presentation to six slides $.$ Your presentation should cover the reporting of $(1)$ FVTPL $,(2)$ FVTOCI $,(3)$ cost method $,(4)$ investments in associates $,$ and $(5)$ investment in subsidiaries $.($ CPA Canada adapteProblem $2-11$ L$01,$ All facts are the same as in Problem $2-10$ except that COX applies ASPE $.$ Follow the same instructions as those given in the Required section of Problem $2-10.$