CLASSIFYING LONG-TERM INVESTMENTS. Long-term investments are held by businesses in different forms and for different reasons. The introduction to Chapter 14 discusses an excerpt from the consolidated balance sheet of The Coca-Cola Company and Subsidiaries. 4 REQUIRED:

1. Make a list of the long-term investments reported by Coca-Cola. Classify each investment as one of the five investment categories shown in Exhibit 14-1, and name the accounting method that should be used for it. If you are uncertain about how to classify a particular investment, describe the additional information you would need to correctly classify it.

2. Are Coca-Cola’s subsidiaries represented among these long-term investments?

Explain.