Question
As a follow-up question, you buy a CD with 9 month maturity on June 1. It is now Dec 31, and you are compiling your
As a follow-up question, you buy a CD with 9 month maturity on June 1. It is now Dec 31, and you are compiling your balance sheet. Since that CD only has 2 months left before it matures, does it qualify to be shown as a Cash Equivalent (essentially as cash)?
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
15th Edition
978-1337398169
