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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What will be an ideal response?
All EU members use the euro, and thus have given up part of their national sovereignty to the EU.
Answer the following statement true (T) or false (F)
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