Which of the Following Items Would Be Considered a Cash

question 64

Multiple Choice

Which of the following items would be considered a cash equivalent if it was held at the balance sheet date?

• A) U.S.Treasury bill purchased when there were 90 days until maturity.
• B) Commercial paper with a 6-month maturity which was purchased at the issue date.
• C) The common stock of a company traded on the New York Stock Exchange which was purchased 30 days before the balance sheet date.
• D) U.S.Treasury note which matures 2 years after it is issued and which was purchased 4 months before the balance sheet date.

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