How 120 cash can Save You Time, Stress, and Money.
How 120 cash can Save You Time, Stress, and Money.
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Intent of Cash and Cash Equivalents Companies have cash and cash equivalents for several different enterprise causes. A company may want to have cash and cash equivalents readily available to:
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Credit Collateral Exceptions can exist for brief-time period debt instruments for instance Treasury-expenditures if they're getting used as collateral for An impressive loan or line of credit score.
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Cash vs. Cash Equivalents Even though the balance sheet account groups cash and cash equivalents jointly, There are some notable variances between The 2 sorts of accounts.
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