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Knowledge Check 01 Identify cash equivalents from the listed items. (You may select more than one answer. Single click the bo
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Answer #1

Cash equivalents will be

Money Market Funds

Three month treasury bills

Rest supplies , Accounts receivable and prepaid rent are not cash equivalents.Normally cash equivalents includes bank accounts ,marketable securities treasury bills etc which have a maturity of less than 90 days.

So Money Market Funds which is instant cash equivalents and treasury bills with maturity of 90 days are Cash equivalents

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