Which of the following items would be considered a cash equivalent if it was held at the balance sheet date?
a. U.S. Treasury bill purchased when there were 90 days until maturity.
b. Commercial paper with a 6-month maturity which was purchased at the issue date.
c. The common stock of a company traded on the New York Stock Exchange which was purchased 30 days before the balance sheet date.
d. U.S. Treasury note which matures 2 years after it is issued and which was purchased 4 months before the balance sheet date.
a
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