Question: Question 5 0 . 5 pts ( Q 5 ) A cash equivalent is a short - term, highly liquid investment that is readily convertible
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pts
Q A cash equivalent is a shortterm, highly liquid investment that is readily convertible into known amounts of cash and
is acceptable as a means to pay current liabilities.
has a current market watue that is greater than its original cost
is so near its maturity that it presents indignificant rifk of changes in interest rates.
bears an lnterest fate that is at teatt equat to the prime rate of interest at the date of tiquidation.
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