Which of the following best qualifies as a "cash equivalent?" A firm's investment in "held to maturity" government treasury bonds that mature in 5 years. A firm's equity investment in an unconsolidated subsidiary of a privately held firm. A firm's investment in 90-day government treasury bills. All of these.
Which of the following best qualifies as a "cash equivalent?" A firm's investment in "held to maturity" government treasury bonds that mature in 5 years. A firm's equity investment in an unconsolidated subsidiary of a privately held firm. A firm's investment in 90-day government treasury bills. All of these.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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- Which of the following best qualifies as a "cash equivalent?"
- A firm's investment in "held to maturity" government treasury bonds that mature in 5 years.
- A firm's equity investment in an unconsolidated subsidiary of a privately held firm.
- A firm's investment in 90-day government treasury bills.
- All of these.
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