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  3. Study Set
    Fundamental Accounting Principles Study Set 1
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    Exam 16: Reporting the Statement of Cash Flows
  5. Question
    A Cash Equivalent Must Be Readily Convertible to a Known
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A Cash Equivalent Must Be Readily Convertible to a Known

Question 96

Question 96

True/False

A cash equivalent must be readily convertible to a known amount of cash, and must be sufficiently close to its maturity so its market value is unaffected by interest rate changes.

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