Identify whether each of the following items should be classified in “cash and cash equivalents” or some other category' in the balance sheet. Assume that the reporting entity has operations in Canada.
a. Chequing account in Canadian dollars.
b. Investment in a mutual fund that invests in common shares.
c. Investment in long-term government bonds.
d. Term deposit maturing 120 days after the year-end.
e. Cash in a sinking fund account for a future redemption of bonds payable.