How are cash equivalents reported or disclosed in the financial statements Quizlet

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How are cash equivalents reported or disclosed in financial statements?
Where are cash equivalents reported?
What are the required disclosures for cash and cash equivalents?
Where are cash and cash equivalents reported in the financial statements multiple choice question?

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How are cash equivalents reported or disclosed in financial statements?

If a company has cash or cash equivalents, the aggregate of these assets is always shown on the top line of the balance sheet. This is because cash and cash equivalents are current assets, meaning they're the most liquid of short-term assets.

Where are cash equivalents reported?

Cash equivalents are reported as current assets on the balance sheet. Therefore, these assets remain highly liquid in which their benefits are expected to be received in the short-term.

What are the required disclosures for cash and cash equivalents?

Cash and cash equivalent disclosures include cashless investing and financing transactions excluded from the cash flow statement. Secondly, is disclosure of the components of cash and cash equivalents.

Where are cash and cash equivalents reported in the financial statements multiple choice question?

Cash and cash equivalents are part of the current assets section of the balance sheet and contribute to a company's net working capital. Net working capital is equal to current assets, less current liabilities.