Page 729 - Large Business IRS Training Guides

Cash-equivalent Assets

property which is of a type that is actively traded
• Personal

and for
which there is an established financial market,
other than a specified commodity;

• Commercial
paper, certificates of deposit, the securities of
State, or foreign government;
the Federal,

• Any foreign currency;

including any accounts
• Any short-term obligation (not

receivable); and

other than bona fide
• Derivative financial instruments,
hedging transactions.

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