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When Are Short-Term Investments That Are Readily Converted to Cash

Question 19

Multiple Choice
When are short-term investments that are readily converted to cash included in the cash account in the financial statements?

When are short-term investments that are readily converted to cash included in the cash account in the financial statements?


A) if they are held in local currency (i.e. ,Canadian dollars)
B) when there is little risk of change in value
C) when they are under the control of the treasury department
D) if interest has been paid up to the year end date

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