Give answer to the accounting question Which of the following is classified as a cash equivalent?a) Accounts Receivableb) Treasury Bonds (maturing in 2 years)c) Inventoryd) Treasury Bills (maturing in 90 days)

Explanation of Cash Equivalents: Cash equivalents are short-term, highly liquid investments that are…

Answered: Which of the following is classified as…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 22MC: A company collects an honored note with a maturity date of 24 months from establishment, a 10%...

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Which of the following is classified as a cash equivalent? a) Accounts Receivable b) Treasury Bonds (maturing in 2 years) c) Inventory d) Treasury Bills (maturing in 90 days)