Which of the following statements regarding cash equivalents is$$ INCORRECT?

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Part $1$

A$.$

Because cash equivalents are less liquid than$$ cash, they must be reported separately from the Cash account.

B$.$

Cash equivalents are sufficiently similar to cash and thus can be reported along with cash on the balance sheet.

C$.$

Most companies include additional information about cash and cash equivalents in the footnotes to their financial statements.

D$.$

Cash equivalents include highminusgrade U$.$S$.$ or foreign government securities that are very close to maturity$($three months or less at the time of$$ purchase$).$