which of the following is considered cash for financial reporting purposes? multiple choice checks received…
which of the following is considered cash for financial reporting purposes? multiple choice checks received from customers. accounts receivable. investments with maturity dates greater than three months. accounts payable.
Answer
Brief Explanations:
Checks received from customers can be quickly converted to cash and are considered cash equivalents for financial - reporting purposes. Accounts receivable are amounts owed by customers and are not cash. Investments with maturity dates greater than three months are not short - term enough to be considered cash. Accounts payable are amounts owed by the company and are liabilities, not cash.
Answer:
A. Checks received from customers