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

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