Which of the following would be considered a cash equivalent? a) accounts receivable b) accounts...

60.1K

Verified Solution

Question

Accounting

Which of the following would be considered a cash equivalent?

a) accounts receivable

b) accounts payable

c) a money market deposit that earns a fixed 4 per cent rate of return and is repayable on demand

d) shares in a listed company

e) a fixed-term bank deposit of two months.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students