For each of the following scenarios, state the type of investment:
Availableforsale debt investment
No significant influence equity investment
Trading debt investment
Significant influence equity investment
Heldtomaturity debt investment
Controlling interest equity investment
Arnold Corp. owns a debt security in Brady Corp. Arnold plans on holding
the debt for thirty days.
Maxwell Inc. owns of the voting stock of Russell Corp.
Millie Inc. owns a debt security of Auntie Inc. Millie intends to and has the
ability to hold the debt security until maturity.
Golden Corp. owns a debt security in Yellow Corp. Golden plans on selling
the debt after one year.
Horizon Inc. owns of the voting stock of Sunset Corp. Horizon does
not have the ability to participate in the decisions of Sunset.
Eastern Inc. owns of Western's voting stock. Eastern has the ability to
