Cash equivalents include money market accounts, commercial paper, and U.S.Treasury bills held for ninety days or less.

Name: Cash equivalents include money market accounts, commercial paper, and U.S.Treasury bills held for ninety days or less.
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Question

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Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and have original maturities of three months or less, such as money market accounts, commercial paper, and U.S. Treasury bills.

Cash Equivalents Include Money Market Accounts, Commercial Paper, and U