QUESTION 2 Which of the following is a governmental regulatory body? FASB SEC PCAOB TASB QUESTION 3 Cash equivalents would include: Highly liquid equity securities Treasury bonds with maturity dates less than 3 months from the date of issue Cash restricted to pay off bonds for that matures 2 years from the balance sheet date Accounts receivable from a financial institution QUESTION 4 Which of the following is not a characteristic of useful accounting information? Completeness Predictive Value Discretionary Value Neutral QUESTION 5 Which of the following is not true about cash that has been set aside to pay off a bond that is due in 10 years? It is a reported as a cash equivalent It is not a liability It is not a current asset. The present value of the cash is reported on the balance sheet