Match the following terms with their correct definition.
-Amounts on deposit with financial institutions and investments primarily held in money market accounts, with original maturities of less than 90 days
A)Cash equivalents
B)Cash over and short
C)Operating cycle
D)Petty cash

Question

Quizplus · Accepted Answer

Cash equivalents are defined as amounts on deposit with financial institutions and investments primarily held in money market accounts, with original maturities of less than 90 days.

Match the Following Terms with Their Correct Definition