An Example of a Cash Equivalent Is

question 87

Multiple Choice

An example of a cash equivalent is

• A) a 120-day time deposit.
• B) notes receivable.
• C) accounts receivable.
• D) a 60-day certificate of deposit.

---

Definitions:

Wheelchair

A chair mounted on wheels designed for individuals who are unable to walk due to illness, injury, or disability.

Fair Market Value

The price at which an asset would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.

Federal Disaster

An event causing severe damage or distress, officially declared a disaster by the federal government to make federal assistance available.

Tax Return

A document filed with state or federal authorities that reports income, expenses, and other pertinent tax information.