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3241004551 [841]
3 years ago
15

Why should companies be careful to report cash and cash equivalents correctly?

Business
1 answer:
mart [117]3 years ago
5 0
<span>Companies should be careful to report cash and cash equivalents correctly because this is there responsibility. Companies must be prepared for random audits by the IRS and must show these records and calculations when the need arises. This will save a lot of money from penalties and other fees that may be owed to the IRS and can update the IRS of any incorrect calculations they may have.</span>
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