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32. Which is false concerning measurement of cash and cash equivalents? a. Cash is measured at face value b. Cash in foreign currency is measured

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32. Which is false concerning measurement of cash and cash equivalents? a. Cash is measured at face value b. Cash in foreign currency is measured at the current exchange rate c. If a bank or financial institution holding the funds of the company is in bankruptcy or financial difficulty, cash should be written down to estimated realizable value d. Cash equivalents should be measured at maturity value, meaning face value plus interest

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