A short-term investment is not:
A) referred to as a marketable security
B) referred to as a temporary investment
C) a current asset
D) intended to be converted to cash in more than one year

Question

Quizplus · Accepted Answer

A short-term investment is intended to be converted to cash in less than one year, not more than one year as stated in option D. Options A, B, and C are all true statements about short-term investments.

A Short-Term Investment Is Not