Discussion Forum : Cash Flow Statement
Question -


Short term highly liquid investments that are readily convertible in to known amounts of cash and which are subject to insignificant risk of changes in value is known as ___

Options:
A .   Cash at bank
B .   Investment in shares
C .   Cash equivalents
D .   None of these
Answer: Option C
:
C

Short term highly liquid investments that are readily convertible in to known amounts of cash and which are subject to insignificant risk of changes in value is known as cash equivalents



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