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OBJECTIVE 7 TOPIC- Reporting of Cash and Cash Equivalents in the Financial Statements. 17. What is the definition of Cash Equivalents? 18. What are the
OBJECTIVE 7 TOPIC- Reporting of Cash and Cash Equivalents in the Financial Statements. 17. What is the definition of Cash Equivalents? 18. What are the types of investments are used for excess cash, and where are they are shown on a Balance Sheet? OBJECTIVE 8 TOPIC- Use of the Ratio of Cash to Monthly Cash Expenses NOTE: It is used to assess the ability of a company to continue in business. 19. How is the ratio of cash to monthly cash expenses calculated? How is it interpreted to determine favorable or unfavorable
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