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Click to watch the Tell Me More Learning Objective 7 video and then answer the questions below. Examples of cash equivalents include all of the

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Click to watch the Tell Me More Learning Objective 7 video and then answer the questions below.
Examples of cash equivalents include all of the following except
a. U.S. Treasury bills.
b. notes issued by major corporations (referred to as commercial paper).
c. currency and coins.
d. long-term notes receivable.
A company has the following current assets:
Cash, $10,000
Commercial paper, $5,000
Treasury bills, $4,000
Accounts receivable, $10,000
Inventory, $20,000
What is the total amount of cash and cash equivalents?
a. $10,000
b. $14,000
c. $15,000
d. $19,000
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