A Cash Equivalent Is a Short-Term, Highly Liquid Investment That

A cash equivalent is a short-term, highly liquid investment that is readily convertible into known amounts of cash and

A) is acceptable as a means to pay current liabilities.
B) has a current market value that is greater than its original cost
C) bears an interest rate that is at least equal to the prime rate of interest at the date of liquidation.
D) is so near its maturity that it presents insignificant risk of changes in interest rates.