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20. A cash equivalent is: An investment readily convertible to a known amount of cash. Close to its maturity date but its market value may
20.
A cash equivalent is:
An investment readily convertible to a known amount of cash.Close to its maturity date but its market value may still be affected by interest rate changes.Generally is within 12 months of its maturity date.Is not considered highly liquid.Another name for cash.
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
7th Edition
978-0136111474, 0136111475
