The financial securities that can be converted into cash at closing to their book value price are classified as Options: A . &nbspinventories B . &nbspshort-term investments C . &nbspcash equivalents D . &nbsplong-term investments

The financial securities that can be converted into cash at closing to their boo

Question

The financial securities that can be converted into cash at closing to their book value price are classified as

Options:

A . inventories

B . short-term investments

C . cash equivalents

D . long-term investments

Answer: Option C
Answer: (c).cash equivalents

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