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erma4kov [3.2K]
2 years ago
14

What is cash equivalent????​

Business
2 answers:
Ksenya-84 [330]2 years ago
7 0

Answer:

Cash equivalents are the total value of cash on hand that includes items that are similar to cash; cash and cash equivalents must be current assets.

Explanation:

brainlist please

aleksandr82 [10.1K]2 years ago
5 0

Answer:

<em>cash equivalent </em><em>as </em><em><u>short-term and highly liquid investment that are readily convertible into cash</u></em><em> </em><em>and </em><em>so </em><em>near </em><em>their </em><em>maturity</em><em> </em><em>that </em><em>they </em><em>present</em><em> </em><em>insignificant</em><em> </em><em>risk </em><em>of </em><em>changes </em><em>in </em><em>value </em><em>because</em><em> </em><em>of </em><em>the </em><em>changes </em><em>in </em><em>interest</em><em> </em><em>rates.</em>

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Answer:

0.875

Explanation:

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I hope my answer helps you

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