Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An item considered to be a cash equivalent in one company may not be considered as such in another. This is because: Select one: a.
An item considered to be a cash equivalent in one company may not be considered as such in another. This is because:
Select one:
a. the working capital management policies of companies vary so an item may be considered very liquid in one company and not in another.
b. companies have different balance dates and this will affect the measurement of the term to maturity.
c. companies use highly liquid items for purposes other than as part of their cash-management function
d. the operating cycle varies between companies.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started