What is a cash equivalent? Why are cash equivalents combined with cash on a balance sheet?

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What is a ‘‘cash equivalent’’? Why are cash equivalents combined with cash on a balance sheet?

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Core Concepts of Accounting

ISBN: 978-0470499474

2nd edition

Authors: Cecily A. Raiborn

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Question Posted: Mar 27, 2015 06:18 AM

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What is a cash equivalent? Why are cash equivalents combined with cash on a balance sheet?

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Cash equivalents include funds invested in certificates of deposit money market funds ...View the full answer

Core Concepts of Accounting

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