Multiple Choice
What is a cash equivalent?
A) reclassification of a cash amount that is restricted from use in the current operating cycle
B) negative cash balance that occurs when a company writes a check in an amount that exceeds the account balance
C) short-term liquid investment with original maturity of three months or less
D) minimum cash balance required to be maintained by a credit agreement
Correct Answer:
Verified
Correct Answer:
Verified
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