Is a money market fund a cash equivalent 2024?
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Works at SmartGrid Technology, Lives in Munich, Germany.
U.S. GAAP defines cash equivalents as --short-term, highly liquid investments that are readily convertible to known amounts of cash and that are so near their maturity that they present insignificant risk of changes in value because of changes in interest rates-- and includes a money market fund as an example of a cash ...
2023-05-08 10:57:12
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Charlotte Cooper
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U.S. GAAP defines cash equivalents as --short-term, highly liquid investments that are readily convertible to known amounts of cash and that are so near their maturity that they present insignificant risk of changes in value because of changes in interest rates-- and includes a money market fund as an example of a cash ...