1. High quality ultra-short term notes, such as US Treasuries with a maturity date of 90 days or less, are classified as cash equivalents.
2. For investments where the investor owns all of the other firm (wholly owned subsidiary), the two entities must consolidate and present consolidated financial statements.
3. For partially owned (do not own all shares), investments where the investor "controls" the investee, the two entities must ...
Your discussion is 274 words, one reference, and gives three similarities and two differences between US GAAP and IFRS regarding investments.