Which of the following is not considered a cash equivalent?
A)U.S.Treasury bills
B)Money market funds
C)Accounts receivable
D)High-grade commercial paper

Question

Quizplus · Accepted Answer

Cash equivalents are highly liquid and easily convertible into cash. Accounts receivable do not meet this criteria as they are the amount owed to a company by its customers and may take time to convert into cash. U.S. Treasury bills, money market funds, and high-grade commercial paper are all considered cash equivalents as they are short-term, highly liquid investments that are easily convertible into cash.

Which of the Following Is Not Considered a Cash Equivalent