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    Cornerstones of Financial Accounting Study Set 3
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    Exam 4: Internal Control And Cash
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    Each of the Following Items Is Considered a Cash Equivalent
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Each of the Following Items Is Considered a Cash Equivalent

Question 123

Question 123

Multiple Choice

Each of the following items is considered a cash equivalent except


A) a 30-day certificate of deposit.
B) 60-day corporate commercial paper.
C) a 75-day U.S. Treasury bill.
D) a 180-day note issued by a local government.

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