Reporting Cash

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Department
Financial Accounting
Course
MGAB01H3
Professor
Liang Chen
Semester
Fall

Description
Reporting Cash Many companies combine cash with cash equivalents. Cash equivalents are highly liquid investments that can be converted into a specific amount of cash. These equivalents include short-term deposits, short-term investments (treasury bills and money market funds), and short-term notes. Some companies may be in a cash deficit position. This can happen when the company is in an overdraft position. A bank overdraft occurs when a cheque is written for more than the amount in the bank account. A company may also have cash that is restricted for a special purpose (plant expansion). If it can be used within the next year, th
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