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Economics
Finance
ACCT 3311 Exam 2
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Cash consists of all of the following EXCEPT
1. personal checks
2. short-term paper with a maturity of 6 months
3. certified checks
4. money orders
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short-term paper with a maturity of 6 months
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Terms in this set (57)
Cash consists of all of the following EXCEPT
1. personal checks
2. short-term paper with a maturity of 6 months
3. certified checks
4. money orders
short-term paper with a maturity of 6 months
Which of the following classifications is likely to be eliminated by the FASB?
1. restricted cash
2. temporary investments
3. cash equivalents
4. short-term investments
cash equivalents
(T/F) Cash can be classified as a current or long-term asset
True
Short-term paper with maturities of less than 3 months should be classified as
cash equivalents
All of the following are properly classified as temporary investments EXCEPT
1. money market certificates
2. certificates of deposit (CDs)
3. money orders
4. money market funds (no checking privileges)
money orders
