Cash and cash equivalents is a line item found on the balance sheet that represents the amounts customers owe the company.

Question

Quizplus · Accepted Answer

Cash and cash equivalents represent actual cash or assets that can be quickly converted to cash, such as short-term investments. It does not represent amounts customers owe the company, which would be listed under accounts receivable on the balance sheet.

Cash and Cash Equivalents Is a Line Item Found on the Balance