Which of the Following Items Is Treated as a Cash

Multiple Choice

Which of the following items is treated as a cash equivalent?

A) Commercial paper with a 6-month maturity when purchased and 4 months until maturity at the balance sheet date.
B) Investment in corporate stocks which management intends to sell within 3 months after the balance sheet date.
C) Money market funds which can be obtained overnight from a bank or brokerage firm.
D) Investments in corporate bonds which have 5 years until maturity when they are purchased.