CLASSIFY EACH OF THE FOLLOING AS ONE OF THE FOLLOWING:a) cashb) cash equivalentc) other current assetd) noncurrent assete) current liability f) long-term liability aa) perosnal check from customerbb) cash held in a fund, the fund is expected to accrue interst for three yearscc) one year treasury bill purchased two months before maturity datedd) compensating balance held aginst long term debt, where funds are legally restricted from withdrawalee) negative cash balance due to outstanding checks exceeding cahs on deposit (this is the only accout with this bank)ff) travel advance of cash to an employee for business travelgg) deposit in a money market fund with a two month maturity datehh) cash depsoited in a 5 year bank sinking fund

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Asked Nov 10, 2019
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CLASSIFY EACH OF THE FOLLOING AS ONE OF THE FOLLOWING:

a) cash

b) cash equivalent

c) other current asset

d) noncurrent asset

e) current liability 

f) long-term liability

 

aa) perosnal check from customer

bb) cash held in a fund, the fund is expected to accrue interst for three years

cc) one year treasury bill purchased two months before maturity date

dd) compensating balance held aginst long term debt, where funds are legally restricted from withdrawal

ee) negative cash balance due to outstanding checks exceeding cahs on deposit (this is the only accout with this bank)

ff) travel advance of cash to an employee for business travel

gg) deposit in a money market fund with a two month maturity date

hh) cash depsoited in a 5 year bank sinking fund 

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aa) perosnal check from customer bb) cash held in a fund, the fund is expected to accrue interst for three years cc) one year treasury bill purchased two months before maturity date dd) compensating balance held aginst long term debt where funds are legally restricted from withdrawal Cash equivalent Noncurrent asset Cash equivalent Noncurrent asset

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