Question

what is mean by cash equivalent?​

Answer 1

Answer:

Cash equivalents are the total value of cash on hand that includes items that are similar to cash; cash and cash equivalents must be current assets.

Explanation:

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Answer 2

Answer:

• Cash equivalents are the total value of cash on hand that includes items that are similar to cash; cash and cash equivalents must be current assets.
• A company's combined cash or cash equivalents is always shown on the top line of the balance sheet since these assets are the most liquid assets.

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