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4. Which of the following statements is incorrect concerning measurement of cash and cash equivalents? A. Cash is measured at face value B. Cash in

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4. Which of the following statements is incorrect concerning measurement of cash and cash equivalents? A. Cash is measured at face value B. Cash in foreign currency is measured at current exchange rate C. If a bank or financial institution holding the funds of the entity is in bankruptcy or financial difficulty, cash shall be written down to estimated realizable value. D. Cash equivalents shall be measured at maturity value

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