The beginning and the ending balances in cash and cash equivalents are entered in the master T-account for preparing the statement of cash flows. Cash equivalents represent _____ in which a firm has temporarily placed excess cash
a. short-term, highly illiquid investments
b. short-term, highly liquid investments
c. short-term and long-term, highly liquid investments
d. short-term and long-term, highly illiquid investments
e. short-term and long-term, marketable securities
B
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Answer the following statement true (T) or false (F)
Which of the following items should an applicant NOT take to an interview?
A. Two black ballpoint pens B. Three or four copies of your résumé and list of references C. The latest hand-held game in case you have to wait D. A list of questions for the interviewer
Autopoiesis means that ______.
A. living systems continually change their structure B. systems renew themselves, while preserving their patterns of organization C. having system components that continually produce and transform one another D. all of these
Irwin was the manager of Highlights Grill, a sports bar and restaurant. Irwin opened a bank account in Highlights's name, signing the account signature card as "owner." Jody, who was often at Highlights and had free access to its office, told others that she was "an owner" and "a partner." She also opened a bank account in Highlights's name, and signed the account signature card as "owner." Irwin told Kelton, the owner of Natural Cheeses, Inc., that Jody was a member of a partnership that owned Highlights. On this basis, Natural Cheeses delivered its goods to Highlights on credit. In fact, Highlights was owned by a corporation. When the unpaid account totaled more than $10,000, Natural Cheeses filed a suit against Jody to collect. On what basis might Jody be liable for the debt?
What will be an ideal response?