Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 19

Choose from the following list of terms/phrases to best complete the following statements.
a. Cash check
b. Cash equivalents
c. Outstanding
d. Liquidity
e. Bank reconciliation
f. Current assets
_________ 1. The _________ category includes currency and coins along with amounts on deposit in bank accounts, checking accounts, and savings accounts.
_________ 2. The term _________refers to a company's ability to pay for its near-term obligations.
_________ 3. The _________ category includes short-term, highly liquid investment assets that are readily convertible to a known cash amount and sufficiently close to their due dates so that their market value is not sensitive to interest rate changes.