Which of the following would not be reported on the balance sheet as a cash equivalent?

Question

Quizplus · Accepted Answer

Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. They typically have original maturities of three months or less. A six-month Treasury bill exceeds this three-month criterion and therefore would not be classified as a cash equivalent.

Which of the Following Would Not Be Reported on the Balance