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Cash Equivalents
Short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.
Illegal States
In computing, it refers to conditions or configurations of a system or application that are not permitted or that violate pre-defined rules.
Conversion Period
The time it takes for resources to go through the production process and become finished goods ready for sale.
Internal Control
Processes and procedures implemented by a firm to safeguard assets, ensure financial report accuracy, and promote operational efficiency.
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