Which of the following would not be considered cash and cash equivalents for purposes of preparing a statement of cash flows?
A)Money market funds.
B)Checking accounts.
C)Treasury bills.
D)Notes receivable.

Question

Quizplus · Accepted Answer

Notes receivable are not considered cash and cash equivalents since they represent the amount owed to the company by a customer or borrower, and are not readily convertible into cash. Money market funds, checking accounts, and treasury bills are all examples of cash and cash equivalents, as they are highly liquid and can easily be converted into cash when needed.

Which of the Following Would Not Be Considered Cash and Cash