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Question 4 (a) Based on your understanding, give two major differences between cash equivalents and short-term investments. [4 marks] (b) Define temporary investments and explain

Question 4

(a) Based on your understanding, give two major differences between cash equivalents and short-term investments. [4 marks]

(b) Define temporary investments and explain briefly the conditions that a financial asset is classified as held for trading. [4 marks]

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