24. A cash equivalent is: A) An investment readily convertible to a known amount of cash B) Close to its maturity date but its market value may still be affected by interest rate changes. C) Generally within 12 months of its maturity date. D) Is not considered highly liquid. 28. The accounting principle that requires important noncash financing and investing activities be reported on the statement of cash flows or in a footnote is the: A) Historical cost principle. B) Materiality principle C) Full disclosure principle. D) Going concern principle. 29. Accounting standards: A) Allow companies to omit the statement of cash flows from a complete set of financial statements if cash is an insignificant asset. B) Require that companies omit the statement of cash flows from a complete set of financial statements if the company has no investing activities. statements. D) Allow companies to include the statement of cash flows in a complete set of financial statements if the cash balance makes up more than 50% of the current assets