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To Be Classified as a Current Asset, Marketable Securities Must

Question 24

Multiple Choice

To be classified as a current asset, marketable securities must be readily convertible into cash and


A) traded on the New York Stock Exchange.
B) must be sold prior to the longer of 6 months or the number of months until fiscal year-end.
C) have a short-term maturity.
D) management must intend to convert the securities to cash when necessary.
E) be issued by the U.S.Treasury.

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