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Examveda

Identify the asset from the following

A. Cash and cash equivalent

B. Creditors

C. Notes payable

D. Bank loan

Answer: Option A

Solution(By Examveda Team)

Cash and cash equivalent are the asset from the following. Cash and cash equivalents (CCE) are the most liquid current assets found on a business's balance sheet. Cash equivalents are short-term commitments "with temporarily idle cash and easily convertible into a known cash amount".

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