Question

Which of the following is NOT a cash equivalent? Select one: a. A government bond that...

Which of the following is NOT a cash equivalent?
Select one:
a. A government bond that matures in four months.
b. A treasury bill that matures in two months
c. A banknote
d. Preferred stock that will be redeemed in a month
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Answer #1

ANSWER : a : GOVERNMENT BOND THAT MATURES IN FOUR MONTHS

CASH EQUIVALENT IS HIGHLY LIQUID INVESTMENT WITH A MATURITY OF 3 MONTHS OR LESS (THUMBS UP PLEASE)

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