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  3. Study Set
    Fundamental Financial Accounting Concepts Study Set 2
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    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 114

Question 114

True/False

A savings account or certificate of deposit that imposes a substantial penalty for early withdrawals should be classified as Cash on the balance sheet.

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