The classification and valuation of investments can be confusing for someone not familiar with classifying investments. Suppose you have been asked to make a short (five-minute) presentation that explains this classification scheme. Develop a one-page outline with talking points that explains the three types of short-term and long-term investments and how they are valued at year end. Then briefly cover how accounting for long-term investments depends on the level and percentage of ownership. Be prepared to give your presentation in class or to a small group.