Match the items below by entering the appropriate, many companies combine cash with
A) cash equivalents.
B) bank overdrafts.
C) short-term investments.
D) accounts receivable.

Question

Quizplus · Accepted Answer

Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Companies often combine these with cash in their financial statements for reporting purposes.

Match the Items Below by Entering the Appropriate, Many Companies