Cash equivalents do not include
A) commercial paper.
B) short-term investments.
C) money market accounts.
D) U.S. Treasury bills.

Question

Quizplus · Accepted Answer

Cash equivalents include highly liquid investments that can be easily converted into cash with minimal risk of loss, such as commercial paper, money market accounts, and U.S. Treasury bills. However, short-term investments may carry more risk and are therefore not considered cash equivalents.

Cash Equivalents Do Not Include