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Understanding Cash and Cash Equivalents by Bob Kane is a document available to read on EtoBox.
What is Understanding Cash and Cash Equivalents about?
Cash and cash equivalents refers to highly liquid assets that are either cash or can be converted to cash within 90 days. This includes bank accounts, commercial paper, treasury bills, and other money market securities. It is reported as a line item on the balance sheet and includes currency, checking and savings accounts, and short-term investments that mature within 3 months. Cash equivalents must be very liquid with little risk of change in value and no restrictions on converting them to cash.
- Author
- Bob Kane
- Language
- EN