Which of the following are temporary investments of excess cash in bonds and shares that can readily be converted into cash?
A) marketable securities
B) accounts receivable
C) owners' net contribution margins
D) notes payable

Question

Quizplus · Accepted Answer

Marketable securities are temporary investments of excess cash in bonds and shares that can readily be converted into cash. Accounts receivable are not investments, they represent amounts owed by customers for products or services already provided. Owners' net contribution margins and notes payable are not investments, they represent financing activities.

Which of the Following Are Temporary Investments of Excess Cash