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please explain every part. Baines Corp. purchased 1,000 common shares in each of three companies: Classify each investment as a current asset or a longterm

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please explain every part.

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Baines Corp. purchased 1,000 common shares in each of three companies: Classify each investment as a current asset or a longterm asset. None of these investments is subject to significant inuence. a. Investment in Cullen Corp. to be sold Within the next 9 to 12 months. b. Investment in Gerson Canada Ltd. to be sold within the next 90 days. c. Investment in Arnold Ltd. to be sold within the next two years

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