Common Examples of Cash Equivalents Include All of the Following

question 29

Multiple Choice

Common examples of cash equivalents include all of the following except:

• A)Money market funds.
• B)Treasury bills.
• C)Certificates of deposit.
• D)Accounts receivable.

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Definitions:

Journal Entries

The records of financial transactions in the double-entry bookkeeping system, where each transaction is noted in two accounts (debit and credit).

Transactions

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

Conversion Costs

The combined costs of direct labor and manufacturing overheads required to convert raw materials into finished goods.

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, converting them into the amount of finished goods units.