Term
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Definition
Anything instantly liquid is cash. Anything that can be liquidated in roughly 90-120 days is cash equivalent. |
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Term
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Definition
| Owed by customers as part of the normal course of business. |
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Term
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Definition
All others. - Advances to employees and officers
- Advances to subsidiaries
- Deposits to cover damage or loss
- Deposits as a guarantee of performance or payment
- Dividends & interest receivable
- Claims against insurance companies, tax collectors, carriers, returnable items.
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Term
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Definition
Trade discounts: use net amount Cash discounts: record at gross |
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