Which one of the following could never be considered to be cash equivalents?
A) Common stock issued by a corporation
B) Money market funds
C) Corporate commercial paper
D) U.S.Treasury bills

Question

Quizplus · Accepted Answer

Cash equivalents must be highly liquid and easily convertible into cash without any risk of changes in value. Common stock has the potential to fluctuate in value and does not meet the criteria for cash equivalents. Money market funds, corporate commercial paper, and U.S. Treasury bills are all examples of cash equivalents as they are highly liquid and have minimal risk of value changes.

Which One of the Following Could Never Be Considered to Be