Cash equivalents include each of the following except
A) bank certificates of deposit.
B) money market funds.
C) petty cash.
D) U.S. Treasury bills.

Question

Quizplus · Accepted Answer

Cash equivalents are highly liquid and easily convertible into cash, typically with maturities of three months or less. Bank certificates of deposit, money market funds, and U.S. Treasury bills are all examples of cash equivalents. Petty cash, on the other hand, is a minor cash fund used for small purchases or reimbursements and is not considered a cash equivalent.

Cash Equivalents Include Each of the Following Except