If a long-term investment in an equity security gives the investor significant influence over the investee,the investment is always classified as short-term.

Name: If a long-term investment in an equity security gives the investor significant influence over the investee,the investment is always classified as short-term.
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If an investor has significant influence over the investee, the investment is classified as long-term regardless of whether it's considered an equity security or not.

If a Long-Term Investment in an Equity Security Gives the Investor