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    Cornerstones of Financial Accounting Study Set 3
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    Exam 11: The Statement Of Cash Flows
  5. Question
    To Be Classified as a Cash Equivalent, an Item Must
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To Be Classified as a Cash Equivalent, an Item Must

Question 202

Question 202

True/False

To be classified as a cash equivalent, an item must be readily convertible to a known amount of cash and have an original maturity to the investor of 3 months or more.

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