20 Dec Classification of Cash Equivalents and Investments
Classification of Cash Equivalents and Investments on a Balance SheetClassify each of the following items as a cash equivalent (CE), a short-term investment (STI), ora long-term investment (LTI).1. A 120-day certificate of deposit.2. Three hundred shares of GM common stock. The company plans on selling the stock in sixmonths.3. A six-month U.S Treasury bill.4. A 60-day certificate of deposit.5. Ford Motor Co. bonds maturing in 15 years. The company intends to hold the bonds untilmaturity.6. Commercial paper issued by ABC Corp., maturing in four months.7. Five hundred shares of Chrysler common stock. The company plans to sell the stock in60 days to help pay for a note due at that time at the bank.8. Two hundred shares of GE preferred stock. The company intends to hold the stock for tenyears and then sell it to help finance construction of a new factory.9. Ten-year U.S. Treasury bonds. The company plans to sell the bonds on the openmarket in six months.10. A 90-day U.S. Treasury bill.
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