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  1. If you purchase cash equivalents using a business or personal credit card, you are making a cash-equivalent transaction. These transactions appear as a separate item on your credit card...

  2. Cash and cash equivalents are listed under current assets at the top of the balance sheet. They are the most liquid assets a company possesses, meaning they are most easily usable to make purchases or pay down debts.

    • Definition and Examples of Cash-Like Credit Card Transactions
    • How Do Cash-Like Transactions Work?
    • Avoiding Cash-Like Transaction Fees

    If you make a credit card transaction where money is being transferred to another method of payment that can be converted to or used as cash, it likely falls into the cash-like or cash-equivalent transaction category. These transactions usually come with a cash advance fee. Common cash-like transactions include the purchase of: 1. Travelers’ checks...

    Major credit card companies have similar guidelines for what counts as a cash-like transaction. Here’s an overview of what transactions count as cash-like and what the fee might be: Whether or not it makes sense to do a cash-like transaction depends on the fee involved and when you can pay off the balance. If the card charges a high APRon cash-like...

    When you’re low on cash, you have to use workarounds to get cash with your credit card and avoid fees. While these methods aren’t recommended, they might help you get out of a jam: 1. Update your budget or make one: Over time, your spending habitsand income can change. If you haven’t looked at your budget in a while, go through it and update the nu...

  3. May 31, 2024 · 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.

    • where are cash and cash equivalents located on credit card1
    • where are cash and cash equivalents located on credit card2
    • where are cash and cash equivalents located on credit card3
    • where are cash and cash equivalents located on credit card4
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  4. Some reporting entities include cash in transit from credit and debit payment processors in cash and cash equivalents while others include these amounts in accounts receivable. There is diversity in practice over the classification of payments from credit card and debit card processors which settle shortly after the reporting date.

  5. Cash equivalents are low-risk, short-term investments with original maturity periods of three months or less. Examples of cash equivalents include bank certificates of deposit, banker’s acceptances, Treasury bills, commercial paper, and other money-market instruments.

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  7. Cash equivalents are short-term, highly liquid assets that can readily be converted into known amounts of cash and with little risk of price fluctuations. An example of a short- term cash equivalent asset would be one that matures in three months or less from the acquisition date.

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