In order to be a cash equivalent,an investment must have a maturity date of three months or less.

Name: In order to be a cash equivalent,an investment must have a maturity date of three months or less.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

According to Generally Accepted Accounting Principles (GAAP), an investment is considered a cash equivalent only if it has a maturity date of three months or less from the date of acquisition. Therefore, the statement is true.

In Order to Be a Cash Equivalent,an Investment Must Have