The key to being classified as a cash equivalent is that the amount must be available to pay debts within a year's time or less.

Name: The key to being classified as a cash equivalent is that the amount must be available to pay debts within a year's time or less.
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The key to being classified as a cash equivalent is not just availability within a year's time or less, but also that the investment must be highly liquid and subject to an insignificant risk of changes in value.

The Key to Being Classified as a Cash Equivalent Is