Question: Cash equivalents are: Select one: a . Current assets such as accounts receivable. b . Highly liquid, short - term investments of 9 0 days

Cash equivalents are:
Select one:
a.
Current assets such as accounts receivable.
b.
Highly liquid, short-term investments of 90 days maturity or less in such risk-free securities as US Treasury bills and money market funds.
c.
None of these
d.
The final cash balance achieved in a bank reconciliation.

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