Determine whether the firm reports each of the following items as part of cash and cash equivalents

Question:

Determine whether the firm reports each of the following items as part of cash and cash equivalents in the balance sheet.
Cash or Cash Equivalent?
Item (yes/no)____________
1. Currency ______________
2. Inventory for sale to customers ______________
3. Balance in savings account ______________
4. Checks ______________
5. Investments with maturities of less than three months ______________

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...