Question : _____________unless specified otherwise, are taken as Marketable Securities and included in Cash and Cash Equivalents.
Option 1: Fixed Assets
Option 2: Inventory
Option 3: Current investment
Option 4: None of the above
Answer (1)
17th Jan, 2024
Correct Answer: Current investment
Solution : Answer = Current investment
Current investments, unless specified otherwise, are taken as marketable securities and included in cash and cash equivalents. Current investments typically consist of highly liquid and readily marketable securities, such as government bonds or highly rated corporate bonds, which can be easily converted into cash and are therefore considered part of cash equivalents.
Hence, the correct option is 3.
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