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Author Question: Which of the following would notbe included with the cash and cash equivalents on the balance sheet? ... (Read 104 times)

laurencescou

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on: Jul 5, 2018
Which of the following would notbe included with the cash and cash equivalents on the balance sheet?
 a. commercial paper
  b. short-term receivables
  c. certificates of deposit
  d. money market mutual funds

Question 2

Miss Happ of Ace Electronics forgot to make the adjusting entry for prepaid insurance that expired during the accounting period. As a result of this mistake ________.
 
  A) total liabilities are too low
  B) net income is too high
  C) net income is too low
  D) shareholders' equity is too low


katkat_flores

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Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

B


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