Which of the following investments should be classified as cash equivalents for Lastima Company in preparing the statement of cash flows?
1
Shares of stock in Lastima Company.
2
A one-month Treasury note purchased by Lastima Company when only
3 months remained in the note's term.
3
Share in a money market fund purchased by Lastima Company; the fund
Purchases only investment grade corporate debt instruments with
Maturities of 2 months or less.
4
A one-year treasury note purchased by Lastima Company when the
Treasury note was issued,which now has only 2 months
Remaining in its term.
A)2, 3
B)2, 4
C)2, 3, 4
D)1, 2, 3, 4

Question

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The Answer of Which of the following investments should be classified as cash equivalents for Lastima Company in preparing the statement of cash flows?
1
Shares of stock in Lastima Company.
2
A one-month Treasury note purchased by Lastima Company when only
3 months remained in the note's term.
3
Share in a money market fund purchased by Lastima Company; the fund
Purchases only investment grade corporate debt instruments with
Maturities of 2 months or less.
4
A one-year treasury note purchased by Lastima Company when the
Treasury note was issued,which now has only 2 months
Remaining in its term.
A)2, 3
B)2, 4
C)2, 3, 4
D)1, 2, 3, 4

Which of the Following Investments Should Be Classified as Cash