Which of the following would be considered a cash equivalent? a. A certificate of deposit with a
Question:
Which of the following would be considered a cash equivalent?
a. A certificate of deposit with a maturity of six months
b. A certificate of deposit with a maturity of three months
c. A note receivable from a customer with a maturity of six months
d. A note receivable from a customer with a maturity of three months
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The correct answer is b A certificate of deposit with a maturity of three months A c...View the full answer
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Related Book For 
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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