For the following items Questions 220-227, indicate whether each should be (a) included or (b) excluded from the line item titled Cash and cash equivalents on the balance sheet.
-Shares of GM stock
A)Included
B)Excluded

Question

Quizplus · Accepted Answer

Shares of stock are not typically considered cash or cash equivalents and should be excluded from the line item titled Cash and cash equivalents on the balance sheet.

For the Following Items Questions 220-227, Indicate Whether Each Should