Which of the following is not true regarding the presentation of cash on the balance sheet?
a. A company may invest its highly liquid cash in order to earn interest; these investments are called cash equivalents.
b. Most companies present only a single cash amount on the balance sheet by combining all their bank and cash fund accounts.
c. Cash is the most liquid asset, and it is therefore listed first under the property, plant, and equipment section of the balance sheet.
d. Cash is the most liquid asset, and it is therefore listed first under the current assets section of the balance sheet.
c
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a. modular b. chunking c. rewind d. critical
A ______ is a division or department within the organization that brings in no revenue or profit for the organization. This type of division or department only costs money for the organization to run.
A. revenue center B. business center C. cost center D. productivity center
The bonds' future cash flows include the par value paid at maturity and the interest payments.
Answer the following statement true (T) or false (F)
Bree is a real estate broker licensed only in Minnesota. She concludes a sale in North Dakota on O'Reilly's behalf. Bree's contract with O'Reilly to be paid a certain commission for the sale is
A. enforceable if O'Reilly comprehended the consequences. B. enforceable if O'Reilly knew Bree was not licensed in North Dakota. C. enforceable if the amount of her commission is reasonable. D. unenforceable.