Which 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

Common stock issued by a corporation is an ownership interest in the company and is not a readily convertible asset that can be used to make quick payments like cash equivalents can. Money market funds, corporate commercial paper, and U.S. Treasury bills are all examples of cash equivalents.

Which of the Following Could Never Be Considered to Be