Classify each of the following items as a cash equivalent (CE), a short-term investment (STI), or a

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Classify each of the following items as a cash equivalent (CE), a short-term investment (STI), or a long-term investment (LTI).

1. A 120-day certificate of deposit.
2. Three hundred shares of MG common stock. The company plans on selling the stock in six months.
3. A six-month U.S. Treasury bill.
4. A 60-day certificate of deposit.
5. Maple Co. bonds maturing in 15 years. The company intends to hold the bonds until maturity.
6. Commercial paper issued by ABC Corp., maturing in four months.
7. Five hundred shares of Copper common stock. The company plans to sell the stock in 60 days to help pay for a note due at that time at the bank.
8. Two hundred shares of EG preferred stock. The company intends to hold the stock for ten years and then sell it to help finance construction of a new factory.
9. Ten-year U.S. Treasury bonds. The company plans to sell the bonds on the open market in six months.
10. A 90-day U.S. Treasury bill.

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