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Short Term Highly Liquid Investments that Are Readily Convertible into Known Amounts of Cash and Which Are Subject to an Insignificant Risk of Changes in Value Are Called __________. - Accountancy

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Fill in the blank.
Short term highly liquid investments that are readily convertible into known amounts of cash and which are subject to an insignificant risk of changes in value are called __________.

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Solution

Short-term highly liquid investments that are readily convertible into known amounts of cash and which are subject to an insignificant risk of changes in value are called cash equivalents

Concept: Cash and Cash Equivalents
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