18 3 Short-term investments O are investments in debt and equity securities that are readily marketable and that the investor intends to convert to cash within one year O are debt and equity securities that the investor expects to hold for more than a year O are investments in debt securities that the investor intends to hold until maturity O are investments in debt securities or equity securities in which the investor holds less than 50 percent of the voting stock and that the investor plans to sell two yearm after the balance sheet date