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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Definitions:

Sports

Competitive physical activities or games which, through casual or organized participation, aim to use, maintain, or improve physical ability and skills while providing enjoyment to participants.

Gene-environment Correlation

The relationship between individuals’ genetic makeup and their environmental exposure that can influence their traits or behaviors.

Artistic Endeavors

Creative activities or projects that involve the arts, such as painting, music, dance, or writing.

Exposed

To have been uncovered or subjected to something, often referring to danger, elements, or information.