Multiple Choice
A company holds $100,000 in a term deposit account as an interest-generating investment.For purposes of the statement of cash flows the term deposit will be classified as:
A) cash equivalent
B) investment
C) either cash equivalent or investment
D) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q3: The following items must be separately disclosed
Q3: Cash payments to buy back shares will
Q5: The purpose of holding a cash equivalent
Q6: Cash flows from operating activities can be
Q8: A company has total sales revenue of
Q9: A statement of cash flows can be
Q11: Cash flows from operating activities is the
Q13: The issue of shares to purchase non-current
Q14: Discuss why Australia moved from a requirement
Q22: Assets owned by a subsidiary acquired during