Which of the following is not considered to be a cash equivalent?
A) corporate commercial paper due in 60 days after purchase
B) U.S. Treasury bills with an original maturity of six months
C) a money market account with a stock brokerage firm
D) a certificate of deposit with a term of 75 days when acquired
Correct Answer:
Verified
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Q48: Each of the following items is considered
Q49: The account used to record the discrepancies
Q50: A cost-cutting measure used in many business
Q51: An internal control activity that separates responsibilities
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