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quiz 7 - SubmittedbyTran,Khoa(KHOTRAN1)on7:05:33PM...

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Submitted by Tran, Khoa (KHOTRAN1) on 2/12/2012 7:05:33 PM Points Awarded 8.00 Points Missed 2.00 Percentage 80.0% 1.  All of the following may be included under the heading of "cash" except A) currency.  B) money market funds.  C) checking account balance.  D) savings account balance.  Points  Earned:  1.0/1.0  Correct Answer(s): B 2.  Deposits held as compensating balances  A) usually do not earn interest.  B) if legally restricted and held against short-term credit may be included as cash.  C) if legally restricted and held against long-term credit may be included among current assets.  D)  Many answers are possible. Points  Earned:  0.0/1.0  Correct Answer(s): D 3.  What is "recourse" as it relates to selling receivables? 1.0/1.0 
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