Question
Which of the following would not be included with cash and cash equivalents
on the balance sheet? a. Unrestricted funds on deposit b. Checks . Sinking funds
d. Undeposited credit card sales receipts Which of the following would not be
classified as a trade receivable a . Customer accounts receivable for the sale of
merchandise on account b Short-term customer note receivable in exchange for
merchandise Accrued interest on investments d Obligations arising from
customers for services rendered
Answer & Explanation
To determine which items would not be included with cash and cash equivalents
on the balance sheet, let's analyze each option:
1. Unrestricted funds on deposit: These are typically considered part of
cash and cash equivalents as they are readily available for use.
2. Checks: Checks that have been received but not yet deposited are
generally considered part of cash and cash equivalents.
Which of the following would not be included with cash and cash equivalents
on the balance sheet? a. Unrestricted funds on deposit b. Checks . Sinking funds
d. Undeposited credit card sales receipts Which of the following would not be
classified as a trade receivable a . Customer accounts receivable for the sale of
merchandise on account b Short-term customer note receivable in exchange for
merchandise Accrued interest on investments d Obligations arising from
customers for services rendered
Answer & Explanation
To determine which items would not be included with cash and cash equivalents
on the balance sheet, let's analyze each option:
1. Unrestricted funds on deposit: These are typically considered part of
cash and cash equivalents as they are readily available for use.
2. Checks: Checks that have been received but not yet deposited are
generally considered part of cash and cash equivalents.
