On December $31$ of Year $2,$ Fuzzy Button Clothing Company had $$46,125$ of actual money that it could have spent immediately. $q,$

:

This statement is $,$ because:

The funds recorded in Fuzzy Button's cash and equivalents account represents funds that are either cash or can be converted into cash almost immediately.

The funds recorded in Fuzzy Button's accounts receivable account represents funds that are either cash or can be converted into cash almost immediately.

Fuzzy Button's Year $2$ cash and equivalents balance is $$116,100.$