Cash in the checking account and the petty cash fund are cash.The three-month certificates of deposit and the money market fund are both cash equivalents.
2.Accounts receivable and marketable securities should be classified on the balance sheet as current assets and listed in the order of their liquidity (marketable securities are more liquid than accounts receivable).
3.

Question

Quizplus · Accepted Answer

The Answer of Cash in the checking account and the petty cash fund are cash.The three-month certificates of deposit and the money market fund are both cash equivalents.
2.Accounts receivable and marketable securities should be classified on the balance sheet as current assets and listed in the order of their liquidity (marketable securities are more liquid than accounts receivable).
3.

Cash in the Checking Account and the Petty Cash Fund