Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Which of the following is not a characteristic of an entity's cash equivalents, as defined by international standard IAS7?

a. A short-term investment b. A highly liquid investment c. An investment which is readily convertible into known amounts of cash d. An investment which is subject to significant risk of changes in value

Team Management Financial Accounting Internal Audit Financial Management Financial Systems Implementation
user-image
Question added by Deleted user
Date Posted: 2013/08/28
Upvote (5) Views (16) Followers (5) Answers (5) Report Question
Write an Answer
Register now or log in to answer.
Deleted user
by Deleted user

Option d.
An investment which is subject to significant risk of changes in value.

Deleted user
by Deleted user

Option d is the true option

Saifullah Shirazi
by Saifullah Shirazi , Senior Accountant , Suraj Cotton Mills Limited

D is the right answer as per IAS7

Prince Ninan
by Prince Ninan , Audit Executive , Lewis & Pecker

Ans-.
An investment which is subject to significant risk of changes in value

Farhan uddin Khilji
by Farhan uddin Khilji , Head of Internal Audit , ABV Rock Group Co. Ltd.

d.
An investment which is subject to significant risk of changes in value. 

Write Your Answer
More Questions Like This