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(c) Short-term securities are investments which usually recorded in equity and debt securities that are expected to be sold and converted to cash within one
(c) Short-term securities are investments which usually recorded in equity and debt securities that are expected to be sold and converted to cash within one year or within the companys operating cycle. These funds are included in a companys current assets, usually right after the disclosure of the cash. Briefly explain the characteristics of these short-term securities.
(12 marks)
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