Examlex
Which of the following statements is false?
Short-Term Investment
Financial assets that are expected to be converted into cash or sold within a year.
Monetary Assets
Monetary assets are financial assets that are cash or can be quickly converted into a known amount of cash with minimal risk of changes in value.
Cash Equivalents
Short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.
Notes Receivable
Financial assets representing money owed to the holder of the note, usually in the form of a formal written agreement.
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