Cash equivalents typically include investments with original maturities of which of the following?
A) One month or less.
B) Three months or less.
C) One year or less.
D) One year or the operating cycle, whichever is longer.

Question

Quizplus · Accepted Answer

Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. They typically include investments with original maturities of three months or less.

Cash Equivalents Typically Include Investments with Original Maturities of Which