Cash equivalents are: Select one: a. The final cash balance achieved in a bank reconciliation. b. None of these c. Highly liquid, short-term investments of 90 days maturity or less in such risk-free securities as US Treasury bills and money market funds. d. Current assets such as accounts receivable.
Added by Gabriel R.
Step 1
** Show more…
Show all steps
Your feedback will help us improve your experience
Aparna Shakti and 72 other Principles of Accounting educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Recommended Videos
Cash equivalents refer to:Multiple ChoiceThe total amount of cash a company would have if all assets were sold.Amounts receivable from customers that have a very high probability of collection.Short-term investments that have a maturity date no longer than three months from the date of purchase.Short-term investments that have increased in value since the date of purchase, and therefore have generated additional cash for the company.
Aparna S.
Cash equivalents would include: a. prepaid expenses that were purchased with cash b. highly liquid investments that can be quickly converted to cash c. cash restricted for special purposes such as to repay debt in the future d. accounts receivable from customers
James K.
Which of the following would not form part of quick assets? (A) Receivables (B) Cash (C) Prepaid Expense (D) Marketable Securities
Madhur L.
Recommended Textbooks
Horngren’s Cost Accounting
Cost Accounting A Managerial Emphasis
Principles of Accounting Volume 1: Financial Accounting
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD