The Fish Corporation has purchased two different types of securities for its portfolio

The Fish Corporation has purchased two different types of securities for its portfolio.

The first is a stock investment in Carroll Corporation. The Fish Corporation has the intent of holding this investment for many years.
The other investment is a debt security investment. This purchase was made because the company s analyst believes there will be changes in market interest rate and this will cause these securities to increase in value in a short period of time.
The Fish Corporation has every intention of selling the securities as soon as they have increased in value.

Write a memo to the chief financial officer explaining:

how to account for each of these investments.
how the reported income from these two investments is to be accounted for.
Include additional cited research
Grading Criteria

25% how to account for each of these investments

25% how the reported income from these two investments is to be accounted for

30% Additional research supporting the initial answer to the IP by using references which are cited in the IP

20% Justified ideas and responses by using appropriate examples or personal experience.

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