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belka [17]
4 years ago
12

Which of the following is not considered cash for financial reporting purposes?

Business
2 answers:
SashulF [63]4 years ago
5 0

Answer:  The following is not considered cash for financial reporting purposes: <u><em>Postdated checks and I. O. U.'s</em></u>

A post-dated checks is a referred to as a check signed by the drawer for a date in the future.

whereas;

IOU which is further abbreviated as "I owe you" is an informal agreement acknowledging debt.It is different from a promissory note i.e. It is not a negotiable instrument and does not classify repayment keywords.

uysha [10]4 years ago
3 0

Answer:

The correct answer is letter "D": Postdated checks and I. O. U.'s.

Explanation:

"Cash" is classified, for accounting purposes, as any financial resource which can easily be transformed into real cash. Examples of cash are<em> coins, currency, checks, money orders, bank drafts, or Certificates of Deposit (CD)</em>. Cash is the default exchange medium for products and services to be exchanged, at its basic level.

<em>I.O.U. or "I owe you" is a term commonly used in accounting related to accounts receivables. These are not considered cash since they have an extended repayment term.</em>

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Alenkasestr [34]

Answer

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6 0
3 years ago
In a perfectly competitive industry, influence over price is exerted by
tigry1 [53]

Answer:

(C) the forces of supply and demand

Explanation:

In a perfectly competitive industry, no single buyer nor seller will be able to influence prices thus marking the forces of demand and supply (the invisible hand) the determinant of pricing. Each buyer or seller will only account for a minute portion of total demand and supply thus making their influence of market price insignificant.

Options (A), (B) and (D) are incorrect as the largest firms, individual sellers and individual buyers do not influence pricing over price in a perfectly competitive market.

8 0
3 years ago
Maximum diversification benefit can be achieved if one were to form a portfolio of two stocks whose returns had a correlation co
Arlecino [84]

Answer:

-1.0

Explanation:

Diversification in a portfolio can be regarded as spreading of investments by investors so that risk can be minimized. The correlation coefficient "r" that exist between two securities allows us to know how return that's gotten from one security is related to returns from another security. For instance, it is possible for two securities within same sector to move in the same direction, i.e it is possible to be positively correlated, in this sense when price of one goes up , the other price also goes up this might not be with the same margin.

As regards negative correlation, there is movement of security returns in opposite directions, in this sense there is least relationship between the securities. Hence with r= 1 there is movement of the two stocks in opposite direction hence Maximum diversification.

It should be noted that Maximum diversification benefit can be achieved if one were to form a portfolio of two stocks whose returns had a correlation coefficient of -1.0

3 0
3 years ago
All of the following are the ways property can be transferred at death, except by: Group of answer choices disclaimer. will. con
mihalych1998 [28]

Answer: Disclaimer

Explanation:

At death, it should be noted that property can be transferred through will, contract or title. On the other hand, property can't be transferred through disclaimer.

A disclaimer simply refers to a statement that denies someone the responsibility to a particular thing. It delimit the scope of rights of an individual.

3 0
3 years ago
Label the parts of the Transactional Model. ​
Igoryamba

Answer:

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Explanation:

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