The basic accounting equation is______ = ______ +equity
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Cash equivalents are short-term highly liquid investment assets that are readily converted to a known cash amount, and have maturities of one year.
Cash equivalents meet all of the following criteria except:
A. Have a market value that is not sensitive to interest rate changes.
B. More liquid than cash.
C. Short-term investments purchased within 3 months of their maturity dates.
D. Readily convertible to a known cash amount
E. Short-term U.S. treasury bills.
Basic bank services do not include:
A. Petty cash management.
Bank accounts.
C. Bank deposits.
D. Electronic funds transfer.
E. Checking.
The three parties involved with a check are:
A. The maker, the manager, and the payee.
B. The writer, the cashier, and the bank.
C. The bookkeeper, the payee, and the bank.
D. The signer, the cashier, and the company.
E. The maker, the payee, and the bank.
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