In Order to Classify Cash as a Current Asset,it Must

question 10

True/False

In order to classify cash as a current asset,it must be free from any restrictions that would prevent its deposit or use to pay creditors classified as long-term.

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Definitions:

Interlocking Directorates

Are formed when an individual sits on the board of directors of two or more non-competing companies.

Conglomerates

Are large corporations that operate in several industries at the same time.

Heredity

The conveyance of genetic traits, including physical and mental features, from ancestors to descendants.

Intelligence

is the mental capacity to learn from experience, solve problems, and use knowledge to adapt to new situations.