Which of the following is not considered as a cash equivalent? O A three-year treasury notes maturing on May 30 of the current year purchased by the entity on April 15 of the current year O A 90-day T-bill O A 60-day money market placement A three-year treasury notes maturing on May 30 of the current year purchased by the entity on January 15 of the current year.
Which of the following is not considered as a cash equivalent? O A three-year treasury notes maturing on May 30 of the current year purchased by the entity on April 15 of the current year O A 90-day T-bill O A 60-day money market placement A three-year treasury notes maturing on May 30 of the current year purchased by the entity on January 15 of the current year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Which of the following is not considered as a cash equivalent?
O A three-year treasury notes maturing on May 30 of the current year purchased by the entity on April 15 of the
current year
O A 90-day T-bill
O A 60-day money market placement
O A three-year treasury notes maturing on May 30 of the current year purchased by the entity on January 15 of
the current year.
Transcribed Image Text:Debt securities classified as at amortized cost are initially recognized at
O Fair value plus accrued interest.
O Fair value plus transaction costs that are directly attributable to the acquisition of the security and accrued
interest.
O Fair value plus transaction costs that are directly attributable to the acquisition of the security.
O Fair value.
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