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If an organization has cash or cash equivalents, the combination of these assets is often proven on the best line in the harmony sheet. This is because cash and cash equivalents are present belongings, which means they're quite possibly the most liquid of shorter-expression belongings.
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Economical instruments are defined as cash equivalents When they are highly liquid products that have Lively marketplaces, are without having liquidation constraints, and so are simply convertible to cash.
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The present case is the first associated with that scandal to come back to demo. Soon after 6 weeks, the trial is nearing its conclusion. Protection lawyers designed their closing arguments on Monday, plus the jury is currently deliberating on the case.
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