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Marigold Holdings Inc. purchased 338000 shares of Ivanhoe Corp. for $18 a share. This transaction...

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Accounting

Marigold Holdings Inc. purchased 338000 shares of Ivanhoe Corp. for $18 a share. This transaction has given Marigold 38% ownership position in Ivanhoe. Management intends to hold this investment for the long-term to strategic benefits it will experience resulting from the acquistion and the significant influence that iti now holds. How should the investment be presented on the financial statemetns of Marigold Holdings?
$6084000 Investment in Associate Non-current Asset
$6084000 Investment FV-NI Non-current Asset
$6084000 Investment FV-NI Non-current Liability
$6084000 Investment FV-OCI Non-current Asset

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