Cash and Cash Equivalents: Cash is the category that includes currency, coins, and deposits in bank accounts. Cash Equivalent is the category which includes short term and highly liquid assets which are readily convertible into cash. Liquidity is the term used for company’s ability of payoff its liabilities. To Indicate: The elements of the cash and cash equivalents of Microsoft Inc. for the year 2016.

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Chapter 4, Problem 68.3C

To determine

Concept Introduction:

Cash and Cash Equivalents:

Cash is the category that includes currency, coins, and deposits in bank accounts. Cash Equivalent is the category which includes short term and highly liquid assets which are readily convertible into cash. Liquidity is the term used for company’s ability of payoff its liabilities.

To Indicate:

The elements of the cash and cash equivalents of Microsoft Inc. for the year 2016.

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