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For Anything to Be Considered a Cash Equivalent, the Asset

Question 30

Multiple Choice

For anything to be considered a cash equivalent, the asset must be:


A) convertible to cash within 5 years.
B) convertible to cash within 3 months or less.
C) convertible to cash within 6 months or less.
D) convertible to cash within 1 year.

Correct Answer:

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