tomseller

What is a cash equivalent price?

I do not have time to google it. Can some one provide a quick solution.

Add a comment

0%

3 replies

pauleen

An asset that can easily be changed into cash. Examples of cash equivalents include savings account, bonds (especially near their maturities), and money markets.

Add a comment

0%
pauleen

An asset such as property or stock that has a realizable cash value equivalent to a specific sum of money.

Add a comment

0%
merielynd

"Cost is measured by the cash paid in a cash transaction or by the cash equivalent price paid when noncash assets are used in payment. The cash equivalent price is equal to the fair market value of the asset given up or the fair market value of the asset received, whichever is more clearly determinable. Source: http://in.docsity.com/en-docs/Reporting_and_Analyzing_Long_Lived_Assets_-_Principles_of_Accounting_-_Lecture_Notes_"

Add a comment

0%