Respuesta :
Cash Equivalents are short-term, highly liquid investment assets.
What are cash equivalents?
Equivalents to cash investments that have a limited time horizon are very liquid and have low loss potential. No distinction between amounts held in cash-equivalent investments and quantities held in cash in the form of currency or bank account balances.
What do cash equivalents include?
Bank accounts and marketable securities like commercial paper and short-term government bonds are examples of cash equivalents. The maturities of cash equivalents should be three months or fewer.
Is money order a cash equivalent?
Remember that money orders are monetary instruments that are treated the same as cash when you get one. Keep them secure or use them as soon as you can.
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The correct question is:
Cash equivalents:
Multiple Choice
Are short-term, highly liquid investment assets.
Include 6-month certificates of deposit.
Include checking accounts.
Are recorded in petty cash.
Include money orders.
