All of the following would be included as a cash equivalent on the statement of financial position except

Question

Quizplus · Accepted Answer

Cash restricted for plant expansion in 2 years would not be included as a cash equivalent because it is not readily convertible to cash within 90 days or less, which is the typical timeframe for a cash equivalent. The other choices (money market accounts, commercial paper, U.S. Treasury bills) are all examples of cash equivalents.

All of the Following Would Be Included as a Cash