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A current asset that is convertible to cash within 3 months...

This question belongs to Commerce Accounting
Accounting
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A current asset that is convertible to cash within 3 months can be referred to as

Answer & Solution
Correct Answer: Option D
A current asset that is convertible to cash within 3 months can be referred to as Cash equivalent. Cash and cash equivalents refer to the line item on the balance sheet that reports the value of a company's assets that are cash or can be converted into cash immediately.
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