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Identify if the following investments meet the requirements to be classified as cash and cash equivalents Cash and cash Readily convertible Risk of change a.
Identify if the following investments meet the requirements to be classified as cash and cash equivalents Cash and cash Readily convertible Risk of change a. Chequing account in U.S. dollars. b. Investment in a mutual fund that invests in common shares of public corporations. c. Investment in long-term government bonds. d. Term deposit maturing 100 days after the year-end e. Cash in a sinking fund account for a future re-purchase of common shares. equivalents to cash? in cash value? (Yes/No) (Yes/No) (High/Med/Low)
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