Can you please help me with these questions?
Part C: Investments
C Read Notes and Focusing on debt investments accounted for at fair value through profit loss FVPL:
a As of December what is the total balance of those investments in the balance sheet?
b How much of that balance is classified as current and how much as noncurrent?
c How much of the fair value of those investments is accounted for using level level and level inputs of the fair value hierarchy? Given that information, assess the reliability representational faithfulness of this fair value estimate.
C Complete C again, but for equity investments accounted for as either FVPL or FVOVI.
C Read Notes and
a When AF can exercise significant influence over an investee, what accounting approach does it use to account for the investment? How does AF determine if it can exercise significant influence?
b If AF is involved in a joint venture, what accounting approach does it use to account for the investment?
c What is the carrying value of AFs equitymethod investments in its December balance sheet?
d How did AFs equitymethod investments affect AFs net income from continuing operations?
