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Which of the following is the correct definition of cash equivalents in accordance with IAS 7 Statement of cash flows? A Cash equivalents are cash on hand and demand deposits. B Cash equivalents are cash on hand and short-term, highly liquid investments readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. C Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. D Cash equivalents are demand deposits and short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. |
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