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Business, 19.09.2019 06:00 princessss30188

Which of the following statements regarding cash equivalents is incorrect? a. most companies include additional information about cash and cash equivalents in the footnotes to their financial statements. b. because cash equivalents are less liquid than cash, they must be reported separately from the cash account. c. 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). d. cash equivalents are sufficiently similar to cash and thus can be reported along with cash on the balance sheet.

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