1.The Vendome Corporation has purchased 100 shares of stock of the Ford Motor Company, which is listed on the New York Stock Exchange. Would this purchase be recorded as an investment or as short-term investment? State the reason for your conclusion.

2.The Eller Corporation has purchased 100 percent of the outstanding stock of the Jewel Company. Would this purchase be recorded as an investment or as marketable securities? State the reason for your conclusion.

3.DORO, Inc., has purchased 1,000 shares of Goldfinders, Inc., from its founder. There is no ready market for this stock. Would this purchase be recorded as an investment or as marketable securities? State the reason for your conclusion.