1. identify the categories of debt and equity securities, and describe the accounting and reporting treatment for each category. Describe how the various levels of ownership impact how companies account for investments.2. What are the three categories of SFAS 115? How do we treat unrealized gains and losses under each method? After that, let’s research SFAS 135. 3. What are examples of variables that follow a binomial probability distribution? What are examples of variables that follow a Poisson distribution? When might you use a geometric probability?