Which of the following items is considered to be a cash equivalent?
A) An investment in a U.S.bond due in two years.
B) A one-year certificate of deposit due in six months.
C) A one-month Treasury bill due in two weeks.
D) A promissory note due from a customer in 7 months.
Correct Answer:
Verified
Q27: Which of the following statements about the
Q28: The Viviana Co.uses the indirect method to
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Q30: Which of the following would be included
Q31: The statement of cash flows cannot be
Q33: Which of the following is the best
Q34: Suppose a company generally records revenues and
Q35: Which of the following statements is correct?
A)Accrual-based
Q36: Which of the following statements about the
Q37: Accrual-basis accounting is superior to cash-basis accounting
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