When Are Short-Term Investments That Are Readily Converted to Cash

question 54

Multiple Choice

When are short-term investments that are readily converted to cash included in the cash account in the financial statements?

• A)if they are held in local currency (i.e. ,Canadian dollars)
• B)when there is little risk of change in value
• C)when they are under the control of the treasury department
• D)if interest has been paid up to the year end date

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