How are cash equivalents reported or disclosed in the financial statements?
A) They are included with cash as a current asset on the balance sheet.
B) They are only reported on the statement of cash flows.
C) They are only disclosed in the notes to the financial statements.
D) They are included with short-term investments as a current asset on the balance sheet.
A
You might also like to view...
Of the four types of opportunities firms can pursue, diversification is the easiest to evaluate and involves the least risk.
Answer the following statement true (T) or false (F)
A firm should consider vertical integration when
A. customer needs are evolving. B. the suppliers of raw materials to the firm are unable to maintain quality standards. C. the competitive situation is highly volatile. D. the suppliers of the firm willingly cooperate with the firm.
Jamie is a shoe designer. She developed a new type of high-heeled shoe at a reasonable price point. It is time to decide how the shoe should be distributed. Jamie knows that the shoe will require adequate service from retailers at the point of purchase. She should use an exclusive distribution strategy.
Answer the following statement true (T) or false (F)
The account "Accounts Receivable" began with a zero balance and then had the following changes: increase of $625, decrease of $275, increase of $350 and increase of $200. The final balance is a:
A) credit balance of $900. B) debit balance of $900. C) credit balance of $1,450. D) debit balance of $1,450.