50________________ are short-term, highly liquid assets that can readily be converted into known amounts of cash and with little risk of price fluctuations.a.Post-dated cheques from customersb.Cash equivalentsc.IOUs (Informal letters of a promise to pay a debt)d.Postage stamps on hand

Option a is wrong because post-dated cheque is considered as receivables and it is not readily…

Answered: short-term, highly liquid assets

Business

Accounting

short-term, highly liquid assets

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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________________ are short-term, highly liquid assets that can readily be converted into known amounts of cash and with little risk of price fluctuations.

Post-dated cheques from customers

Cash equivalents

IOUs (Informal letters of a promise to pay a debt)

Postage stamps on hand

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9. is an example of the first line defense against customer demand on deposit trading account asset treasury bills since hey are easy to converted to cash federal fund sold O un-collected checks loons 674 other