Examlex
Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-A bank customer would expect to be able to write checks on his regular checking account and on his [certificate of deposit | money market fund].
Comprehensive Income
An inclusive measure of income which includes both net income and other comprehensive income, capturing all changes in equity not resulting from transactions with owners.
Equity
The value of an owner's shares in a company, calculated as the difference between assets and liabilities.
Short-term Investments
Monetary resources anticipated to be turned into cash or disposed of in the span of one year.
Operating Cycle
The amount of time it takes for a company to purchase inventory, sell the products, and collect cash from customers.
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