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Which cash equivalents are

Assignment Help Financial Accounting
Reference no: EM133008287

Problem 1: Cash equivalents are

a. Short-term and highly liquid investments that are readily convertible into cash

b. Short-term and highly liquid investments that are readily convertible into cash with remaining maturity of three months

c. Short-term and highly liquid investments that are readily convertible into cash and acquired three months before maturity

d. Short-term and highly liquid marketable equity securities

Problem 2: Bank overdraft

a. Is a debit balance in a cash in bank account.

b. Is offset against demand deposit account in another bank

c. Which cannot be offset is classified as current liability

d. Which cannot be offset is classified as noncurrent liability

Reference no: EM133008287

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