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Q7.86: To be considered a cash equivalent, an investment must be highly liquid and be collected within one year. B be readily convertible to cash

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Q7.86: To be considered a cash equivalent, an investment must be highly liquid and be collected within one year. B be readily convertible to cash and have a market value that is sensitive to changes in interest rates, have a maturity date of one year or less. D be readily convertible into a known amount of cash and very close to its maturity date

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