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Gleason Telecommunications Ltd. has several investments in debt and equity securities of other companies: Indicate whether each of the above investments is a (a) debt
Gleason Telecommunications Ltd. has several investments in debt and equity securities of other companies: Indicate whether each of the above investments is a (a) debt or equity investment, and (b) non-strategic or strategic investment. Debt or Equity Investment Non-Strategic or Strategic Investment 1. 15% of the common shares of Morrison Telecommunications Inc., with the intent of purchasing at least 10% more of the common shares. Gleason has already appointed one of its executives to a seat on Morrison's board of directors. 100% of the 15-year bonds issued by Li Internet Ltd., intended to be held to maturity. 95% of the common shares of Barlow Internet Services Inc. 2. 3. 4. 120-day treasury bills, purchased for interest income.
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