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  3. Study Set
    Fundamental Financial Accounting Concepts Study Set 1
  4. Exam
    Exam 6: Internal Control and Accounting for Cash
  5. Question
    A Savings Account or Certificate of Deposit That Imposes a Substantial
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A Savings Account or Certificate of Deposit That Imposes a Substantial

Question 6

Question 6

True/False

A savings account or certificate of deposit that imposes a substantial penalty for early withdrawals should not be classified as Cash on the balance sheet.

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