Question

Cash and cash equivalents typically include

A. cash in the bank
B. imprest accounts, such as a payroll account
C. cash equivalents, such as money market funds
D. All of these answer choices are correct

Answer 1

Cash and cash equivalents typically include cash in the bank, imprest accounts, and cash equivalents such as money market funds. So, the correct answer is D) All of these answer choices are correct.

Step-by-step explanation:

Cash and cash equivalents typically include all of these answer choices: A) cash in the bank, B) interest accounts, such as a payroll account, and C) cash equivalents, such as money market funds.

Cash in the bank refers to the physical currency held by a business in its bank accounts. Imprest accounts, like payroll accounts, are used to hold a specific amount of cash that is readily available for specific purposes.

Cash equivalents, such as money market funds, are short-term investments that can be easily converted into cash. So, the correct answer is D) All of these answer choices are correct.