Refer to the Apple Inc. consolidated financial statements in Appendix A and online in the filings section

Question:

Refer to the Apple Inc. consolidated in Appendix A and online in the filings section of www.sec .gov. The cash and cash equivalents section of the Consolidated shows a balance of $13,844 million as of September 27, 2014.
Requirements
1. What are the general criteria for an asset to be classified as a "cash equivalent"?
2. Refer to the Financial Instruments section of Note 1-Summary of Significant Accounting Policies. What types of assets does the company generally include in the category of "cash equivalents"?
3. Does the company include any more detailed description of "cash equivalents"? Where? Describe the categories.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...