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Exactly what are Cash and Cash Equivalents (CCE)? Cash and cash equivalents really are a line item around the equilibrium sheet that stories the worth of a corporation's more info property that are cash or could be transformed into cash quickly.
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A juror was dismissed Monday right after reporting that a girl dropped a bag of $120,000 in cash at her property and available her more money if she would vote to acquit seven people today charged with thieving in excess of $forty million from a plan meant to feed kids over the pandemic.
Cash equivalents must also manage to be liquidated to cash; For that reason, cash equivalents need to be very liquid property.
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Protection legal professional Andrew Birrell told the judge which the bag of cash is “a troubling and upsetting accusation.”