6 Questions
Question 1
What are cash equivalents?
Answer 1
Short-term investments that can be converted into cash and expected to be liquidated in less than a year, such as treasury bills, treasury bonds, stocks, and Bitcoins.
Question 2
What are receivables?
Answer 2
Promises to receive cash at a later date, arising from the normal course of business of selling goods or delivering services, such as accounts receivable, notes receivable, trade receivable, and other receivable.
Question 3
What are inventories?
Answer 3
Assets that are for sale in the ordinary course of business or in the process of production for such sale in the form of materials or supplies to be consumed in the production process or rendering of services, including supplies, finished goods available for sale, raw materials, and work-in-process items.
Test your knowledge on assets and cash equivalents with this informative quiz! Learn about the different forms of cash and how they are used for current purposes. Discover the various short-term investments that can be converted into cash quickly, such as bonds and stocks. Explore the concept of receivables and how they represent promises to pay in the future. Put your financial knowledge to the test and see how well you understand these important concepts.
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