Which of the following concepts of cash is not appropriate to use in preparing the statement of cash flows?
A) cash
B) cash and money market funds
C) cash and cash equivalents
D) cash and U.S. treasury bonds

Question

Quizplus · Accepted Answer

U.S. treasury bonds are not considered as cash or cash equivalents in the statement of cash flows. Only assets that can be readily converted to cash are considered as cash equivalents.

Which of the Following Concepts of Cash Is Not Appropriate