What Is Included in "Cash and Cash Equivalents

question 41

Multiple Choice

What is included in "cash and cash equivalents"?

• A)Cash on hand.
• B)Term deposits maturing in 180 days.
• C)Treasury bills maturing in 120 days.
• D)Bonds of a publicly traded company that mature in one year.

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Definitions:

Accounting

The systematic process of recording, measuring, and communicating financial information about economic entities.

Recording

The act of documenting financial transactions in the books of accounts as part of the accounting process.

Transactions

Financial events that affect the assets, liabilities, or equity of a company, recorded in its accounting system.

Accounting

The systematic process of recording, measuring, and communicating information about financial transactions.