Stanhope Associates Accounts for the Following Investments Under IFRS No

Stanhope Associates accounts for the following investments under IFRS No. 9:
1. 10 shares of Blackstone equity, held for long-term investment, no election of FVOCI.
2. 10 shares of Erickson equity, held for risk management, election to classify as FVOCI.
3. 10 shares of AT&E equity, held for immediate resale.
4. 10 bonds (consisting of only interest and principal) issued by Filo Inc., held for long-term collection of cash flows.
5. 10 bonds (consisting of only interest and principal) of SimSung, held for risk management but also might be sold
6. 10 bonds (consisting of only interest and principal) issued by Attachi, held for immediate resale.
Required:
For each investment, indicate: (a) the accounting approach that will be used to account for the investment, and briefly explain why that approach is appropriate, and (b) the effect on earnings of an increase in the fair value of the investment in the period following acquisition of the investment, assuming that Stanhope does not sell the investment. You may group the specific investments if they have the same answers. Identify the investments you are including in the group.