Reference no: EM132747848
Question: On December 31, 2021, Bellevue Ltée held the following debt and equity investments:
Quantity Cost per Unit Fair Value per Unit
Debt Securities
Dominion bonds 4,400 100 97
Government of Canada bonds 2,200 100 134
Equity Securities
Bank of Calgary 3,900 50 56
Matco Inc. 9,000 28 31
Argenta Corp. 10,000 35 39
(A) Calculate the cost and fair value of Bellevue's investment portfolio at December 31.
(B) If Bellevue considers its entire portfolio to be trading investments, at what value should the company report investments on the statement of financial position at December 31 if it uses the fair value through profit or loss model?
(C) Assume now that the bonds were purchased at 100 (par value). If Bellevue intends to hold the debt securities until maturity and uses the amortized cost model, at what value should the company report debt investments on the statement of financial position at December 31?
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