____ Are Liquid Investments That Can Be Held Instead of Cash

question 216

Multiple Choice

____ are liquid investments that can be held instead of cash and earn a modest return.

• A)Fixed asset investments
• B)Marketable securities
• C)Real estate securities
• D)Treasury bonds

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Definitions:

Journal Entry

A record in accounting that represents a single transaction and its impact on the financial statements, made up of debits and credits.

Purchase Price

The amount of money paid or agreed to be paid by the buyer to acquire a good or service from the seller.

Treasury Stock

Stock that has been repurchased by the issuing company, reducing the amount of outstanding stock on the open market.

Sales Price

The amount of money charged for a product or service, or the sum received upon the sale of a product or service.