Marketable securities are purchased when excess cash is temporarily available and sold when cash is needed.

Name: Marketable securities are purchased when excess cash is temporarily available and sold when cash is needed.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Marketable securities are short-term investments made by companies to temporarily hold excess cash. They can be easily bought and sold when needed to meet cash requirements. Therefore, the statement is true.

Marketable Securities Are Purchased When Excess Cash Is Temporarily Available