Gleason Telecommunications Ltd. has several investments in debt and equity securities of other companies:
1. 15% of the common shares of Morrison Telecommunications Inc., with the intent of purchasing at least 10% more of the common shares because Gleason has already been allowed to appoint one of its executives to a seat on Morrison's board of directors
2. 100% of the 15-year bonds issued by Li Internet Ltd., intended to be held for 15 years
3. 95% of the common shares of Barlow Internet Services Inc.
4. 120-day treasury bills, purchased for interest income
5. 10% of the common shares of Talk to Us Ltd., to be sold if the share price increases
Instructions
Indicate whether each of the above investments is a
(a) Debt or equity investment, and
(b) Non-strategic or strategic investment?