Which Statement Is Correct

question 52

Multiple Choice

Which statement is correct?

• A)A security that meets the criteria of cash equivalent must be classified as cash such.
• B)A security that meets the criteria of cash equivalent can be classified as cash such.
• C)A security that meets the criteria of cash equivalent must be presented as cash such.
• D)A security that meets the criteria of cash equivalent must be cash.

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Definitions:

Glandular

Pertaining to glands, often referring to tissues or cells that secrete hormones or other substances.

Plasma

The fluid part of blood holding the blood cells in suspension, primarily composed of water and proteins.

Formed Elements

Refers to the cellular components of blood, including red blood cells, white blood cells, and platelets.

Liquid Portion

Refers to the liquid component of a mixture or substance, often used in a biological context to describe the fluid part of blood (plasma).