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.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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  1. Which of the following best qualifies as a "cash equivalent?"
    1. A firm's investment in "held to maturity" government treasury bonds that mature in 5 years.
    2. A firm's equity investment in an unconsolidated subsidiary of a privately held firm.
    3. A firm's investment in 90-day government treasury bills.
    4. All of these.

 

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