Asked Nov 18, 2019

Which item is not considered cash and cash equivalents on the balance sheet?

a. Unrestricted funds on deposit with the bank

b. money market funds

c. postdated checks

d. bank drafts


Expert Answer

Step 1

Cash equivalents are the near-cash items, which are readily convertible into cash. Cash equivalents have a maturity period of three months, or les...

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