Question

Cash equivalents would not include:

a)U.S. treasury bills.
b)Bank drafts.
c)Money market funds.
d)Cash not available for current operations.

Answer 1

Cash equivalents do not include cash not available for current operations.

Step-by-step explanation:

Cash equivalents would not include:

1. U.S. treasury bills
2. Bank drafts
3. Money market funds
4. Cash not available for current operations

Cash equivalents are highly liquid assets that are easily convertible to cash within a short period, typically less than three months. They include investments that have a low risk of value fluctuations, such as U.S. treasury bills, bank drafts, and money market funds. However, cash not available for current operations would not be considered a cash equivalent because it is not readily accessible for immediate use.