Which of the following is considered to be a part of cash and cash equivalents under IFRS, but not U.S. GAAP?
A) treasury bills
B) bank overdrafts
C) commercial paper
D) money market funds

Question

Quizplus · Accepted Answer

Under IFRS, bank overdrafts can be considered a part of cash and cash equivalents if they are repayable on demand and form an integral part of an entity's cash management. U.S. GAAP does not include bank overdrafts in cash and cash equivalents.

Which of the Following Is Considered to Be a Part