[Solved] Which statement is not correct? A)Cash is an idle asset for a business. B)Bank overdrafts cannot be considered cash equivalents. C)Cash equivalents are readily convertible to cash. D)Cash and cash equivalents is reconciled in the cash flow statement. Advertisements: Communications intended to inform, persuade, or remind potential customers about a product or service. External Information: Data or knowledge obtained from sources outside an organization or system. Sales Personnel: Individuals involved in selling products or services to customers, often directly interacting with them to close sales and meet revenue targets. Antecedent State: The situational conditions or moods affecting an individual's cognitive processes and decision-making prior to engaging in a particular action or behavior.