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Tags
#cfa-level-1 #financial-reporting-and-analysis #reading-26-understanding-balance-sheets
Question
[...] are highly liquid, short-term investments that are so close to maturity
Answer
Cash equivalents

Tags
#cfa-level-1 #financial-reporting-and-analysis #reading-26-understanding-balance-sheets
Question
[...] are highly liquid, short-term investments that are so close to maturity
Answer
?

Tags
#cfa-level-1 #financial-reporting-and-analysis #reading-26-understanding-balance-sheets
Question
[...] are highly liquid, short-term investments that are so close to maturity
Answer
Cash equivalents
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3.1.1. Cash and Cash Equivalents
Cash equivalents are highly liquid, short-term investments that are so close to maturity,6 the risk is minimal that their value will change significantly with changes in interest rates. Cash and cash equivalents are financial assets. Financial assets, in general, are measur

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