3 years ago

What is the amount of cash and cash equivalents on hand and in bank accounts that the company has?

Advanced Placement (AP)

1 answer:

Citrus2011 [14]3 years ago

4 0

Answer:

What Are Cash and Cash Equivalents (CCE)?

Cash and cash equivalents refers to the line item on the balance sheet that reports the value of a company's assets that are cash or can be converted into cash immediately. Cash equivalents include bank accounts and marketable securities, which are debt securities with maturities of less than 90 days.1 However, oftentimes cash equivalents do not include equity or stock holdings because they can fluctuate in value.

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