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QUESTION ANSWER [ L . 5 ] Which of the following is true regarding cash and cash equivalents? it is a long - term asset

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ANSWER
[L.5] Which of the following is true regarding cash and cash equivalents?
it is a long-term asset on the income statement
it is a long-term asset on the balance sheet
it is a current asset on the income statement
it is a current asset on the balance sheet
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