• Per U.S. GAAP, what are cash equivalents? A :
• Cash equivalents are all cash and near-cash items that will be turned into cash within one operating period or one year, whichever is shorter.
• B :
• Cash equivalents are all cash and investments in short-term securities that have a maturity of six months or less from the date of the financial statement.
• C :
• Cash equivalents are short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in interest rates.
• D :
• Cash equivalents are all of a firms current assets that have no realization problems associated with them.