Question

The following is a list of items that may or may not be included in the cash and cash equivalents total on the balance sheet:
1. Cash in checking account
2. Petty cash on hand
3. Shares of Coca-Cola common stock
4. Certificate of deposit maturing in 45 days
5. Certificate of deposit that matures in 120 days
6. One-month Treasury bills
7. Undeposited check from a customer
8. A customer's check returned by the bank and marked NSF
Required
For each of the stated items, indicate whether the item should be included or excluded from the Cash and Cash Equivalents total.


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  • CreatedJuly 16, 2015
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