A large retailer has more than $100 million of cash and cash equivalents on its balance sheet.
Question:
A large retailer has more than $100 million of cash and cash equivalents on its balance sheet. Which of the following would not be part of the cash equivalents?
a. Cash in banks (checking account balances)
b. US Treasury bond maturing in two years
c. Receivables from a bank that processes credit card payments
d. Commercial paper
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The correct answer is b US Treasury bond maturing in two years cash and cash equivalents on the bala...View the full answer
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