Ch 071

Ch 071 - 10/26/2009 Kieso, Weygandt, Warfield: Intermediate...

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94% (15 out of 16 correct) Responses to questions are indicated by the symbol. 1. Cash consists of all of the following except: A. bank drafts. B. certified checks. C. money orders. D. money market funds. All of the options are considered cash except money market funds which are classified as temporary investments. 2. The minimum cash amounts that banks often require customers to whom they lend money to maintain in checking accounts is called: A. bank overdrafts. B. cash equivalents. C. compensating balances. D. money market funds. Compensating balances are the minimum cash amounts required by banks to be maintained by their customers. 3. An example of a cash equivalent is: A. cashier's checks. B. certificates of deposit. C. money market savings certificates. D. treasury bills. Treasury bills are an example of cash equivalents. 10/26/2009 Kieso, Weygandt, Warfield: Intermediate… http://bcs.wiley.com/he-bcs/Books?acti… 1/5
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4. Receivables may be classified as all of following except: A. current or noncurrent. B. accounts receivable or notes receivable. C. restricted or unrestricted. D. trade receivables or nontrade receivables. All of the options are correct except receivables are never classified as restricted or unrestricted. 5.
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Ch 071 - 10/26/2009 Kieso, Weygandt, Warfield: Intermediate...

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