Question 10 Which of the following statements about cash flows is correct? Cash flows are defined as inflows and outflows of cash only. B All of the choices are correct. Cash equivalents are short-term, highly liquid investments that are readily convertible to known am are subject to an insignificant risk of change in value. Cash is defined as cash on hand less accounts payable.

Question 10 Which of the following statements about cash flows is correct? Cash flows are defined as inflows and outflows of cash only. All of the choices are correct. Cash equivalents are short-term, highly liquid investments that are readily convertible to known an are subject to an insignificant risk of change in value. Cash is defined as cash on hand less accounts payable