So I'm going through my FAR final review and I noticed that while doing practice MCQs instruments with maturities over 3 months when purchased are still classified as an equivalent if they are maturing within the next 3 months. For example a 3 year bonds that is maturing in 2 months is an equivalent for governmental units, this would not be the case for a corporation. Cash Equivalents for corps must have an original maturity under 3 months. Is this correct? Thank you
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