Generally, only debt investments due within three months qualify as cash equivalents.

Name: Generally, only debt investments due within three months qualify as cash equivalents.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value, typically with original maturities of three months or less.

Generally, Only Debt Investments Due Within Three Months Qualify as Cash