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Lapatulllka [165]
3 years ago
11

What is the pro-forma as adjusted cash and cash equivalents amount on Twitter’s balance sheet as mentioned in the amended S-1 fi

led November 4, 2013
Business
1 answer:
Amanda [17]3 years ago
5 0

Answer:

The pro-forma as adjusted cash and cash equivalents amount on Twitter's balance sheet as mentioned in the amended S-1 filed November 4, 2013 is:

$1,777,009,000

Reference was made to sec.gov/Archives/edgar/data.htm.

Explanation:

Cash and cash equivalents  are company's current assets that are cash or can be converted into cash immediately. They are the most liquid of current assets.

We are all familiar with cash.   Cash equivalents are short-term investments and commitments which a company can enter into using "temporarily idle cash" and they can easily be converted into cash as needed.    Included in cash equivalents are bank accounts and marketable debt securities with less than 90 days' maturity period.  The expression means that they are equivalent to cash but are not cash because of their ease of convertibility.

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