Multiple Choice
Which of the following is not a characteristic of cash and cash equivalents?
A) They have a very low, or insignificant, risk of changing in value.
B) They are highly liquid investments.
C) They include short-term borrowings with a maturity of less than 3 months.
D) None of the above. They are all characteristics of cash and cash equivalents.
Correct Answer:
Verified
Correct Answer:
Verified
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