AASB 107 defines cash equivalents to include:
A) highly liquid investments with short periods to maturity that are readily convertible to cash on hand at the investor's option and are subject to an insignificant risk of changes in value.
B) term borrowing.
C) working capital items such as prepayments and accruals.
D) highly liquid investments with short periods to maturity that are readily convertible to cash on hand at the investor's option and are subject to an insignificant risk of changes in value and term borrowing.
Correct Answer:
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