Which of the following is not included in the cash and cash equivalents on the balance sheet?

Question

Quizplus · Accepted Answer

Cash set aside to pay off long term debt is not included in cash and cash equivalents on the balance sheet. Cash and cash equivalents refer to highly liquid assets that can be easily converted into cash without a significant risk of loss, such as cash in the bank, cash in the cash registers, and money market funds. Cash set aside to pay off long term debt is considered a restricted cash and would be disclosed separately on the balance sheet.

Which of the Following Is Not Included in the Cash