Which of these is a cash equivalent?

Name: Which of these is a cash equivalent?
Brand: Quizplus
Rating: 4.8 (48 reviews)

Question

Quizplus · Accepted Answer

Cash equivalents are highly liquid investments that can be easily converted into cash within three months or less. U.S. Treasury bills that mature in three months or less qualify as cash equivalents. The other options, a note receivable that matures in six months, a note payable due in three months or less, and accounts receivable due in three months or less, do not meet the definition of a cash equivalent.

Which of These Is a Cash Equivalent