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4. Categorizing Cash & Cash Equivalents

in Chapter 6 (Problem 4 of 8)

Which of the following would not be included in the Cash and Cash Equivalents on a Balance Sheet dated December 31, Year 1.

  1. A money market account
  2. 6 month commercial paper, acquired Nov. 1, Year 1
  3. 3 month certificate of deposit, acquired Dec. 15, Year 1
  4. 100 share of GE stock, acquired December 1, Year 1; expected sale date of February 15, Year 2
  5. 12 month treasury bill, acquired October 15, Year 1
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The Rest Of The Practice Problems

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1 Consignment Inventory Easy
2 FOB Destination Easy
3 Inventory Set Aside Easy
4 Categorizing Cash & Cash Equivalents
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5 FOB Shipping Moderate
6 FOB Shipping Moderate
7 Bank Reconciliation Hard
8 The Effect of Inventory Errors Hard
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Chapter 6 Videos

1 Cash and Cash Equivalents 7:52
2 Bank Reconciliations: What and Why 9:38
3 Bank Reconciliations: How 20:57
4 Debit and Credit Memos 5:21
5 Fixing Mistakes in Bank Recs 8:32
6 COGS and Inventory 2:57
7 Net Sales 10:03
8 Perpetual vs Periodic 7:10
9 FOB Shipping? 8:51
10 Transportation In 8:41
11 COGS 6:18
12 Drawbacks to Periodic 6:07
Chapter 8 →