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What is Understanding Cash and Cash Equivalents about?

Cash and cash equivalents are highly liquid current assets that include currency, coin, and short-term investments maturing within 90 days like treasury bills, money market funds, and commercial paper. They are reported together on the balance sheet due to their similar nature of being easily convertible to cash. Accounts receivable are also considered a cash equivalent though not actual cash. Certificates of deposit are included as cash equivalents.

Author

Yassi Curtis

Language

EN