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21 April, 08:24

Which of the following classifications is likely to be eliminated by the FASB?

a. temporary investments

b. short-term investments

c. restricted cash

d. cash equivalents

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Answers (1)
  1. 21 April, 09:40
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    Answer: D. Cash equivalents

    Explanation:

    Financial Accounting Standards Board (FASB) is a private, non-profit organization standard-setting body whose primary purpose is to establish and improve Generally Accepted Accounting Principles within the United States in the public's interest
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