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Cash equivalents:______. A. Include savings accounts. B. Include checking accounts. C. Are readily converted to a known cash amount. D. Include time deposits. E. Have no immediate value.
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Cash equivalents:______.

A. Include savings accounts.
B. Include checking accounts.
C. Are readily converted to a known cash amount.
D. Include time deposits.
E. Have no immediate value.

User Jens Meder
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1 Answer

1 vote

Answer:

C. Are readily converted to a known cash amount.

Step-by-step explanation:

Highly liquid short term assets are those which are ready available for conversion into cash. These are also called Liquid assets. Highly liquid investment are made for short term investment interest revenues.

User Exupero
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