Select the Statement That Is Not True

question 3

Multiple Choice

Select the statement that is not true.

• A) A bank overdraft is an example of a 'cash equivalent'.
• B) Cash is the pre-eminent asset as it is the medium with which claims are normally settled.
• C) The concept of cash underpinning the cash flow statement is 'cash and cash equivalents'.
• D) If a firm is operating profitably, it will automatically have plenty of cash.

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