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please solve the following question written by computer 1. Define cash equivalents. 2. Define a compensating balance. How are compensating balance reported in financial statements?

please solve the following question written by computer image text in transcribed
1. Define cash equivalents. 2. Define a compensating balance. How are compensating balance reported in financial statements? 3. Explain any possible differences between accounting for an account receivable factored with recourse compared with one factored without recourse. 4. Identify two advantages of dollar-value LIFO compared with unit LIFO. 5. Explain the LIFO retail inventory method. 6. Define comprehensive income

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