Question : Cash and Cash Equivalents include
Option 1: Cash on hand
Option 2: Bank balance
Option 3: Marketable Securities, etc.
Option 4: All of the above
Correct Answer: All of the above
Solution : Answer = All of the above
Cash and cash equivalents include cash in hand, bank balance, marketable securities, etc., that are readily convertible into known amounts of cash. Hence, the correct option is 4.
Question : Quick assets include
Question : _____________unless specified otherwise, are taken as Marketable Securities and included in Cash and Cash Equivalents.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile