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    Horngrens Accounting Study Set 2
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    Exam 8: Internal Control and Cash
  5. Question
    Cash Is the First Asset Listed on the Balance Sheet
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Cash Is the First Asset Listed on the Balance Sheet

Question 93

Question 93

Multiple Choice

Cash is the first asset listed on the balance sheet because it is:


A) the most liquid asset.
B) valuable.
C) subject to theft.
D) subject to errors.

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