For anything to be considered a cash equivalent, the asset must be:
A) convertible to cash within 5 years.
B) convertible to cash within 3 months or less.
C) convertible to cash within 6 months or less.
D) convertible to cash within 1 year.

Name: For anything to be considered a cash equivalent, the asset must be: A) convertible to cash within 5 years. B) convertible to cash within 3 months or less. C) convertible to cash within 6 months or less. D) convertible to cash within 1 year.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

The Answer is B

For Anything to Be Considered a Cash Equivalent, the Asset