Identify each of the following items as either (a)cash or (b)cash equivalent.
Definitions:
Accounts Receivable
Money owed to a company by its debtors for goods or services that have been delivered or used but not yet paid for.
Bonds
Fixed-income investments representing a loan made by an investor to a borrower, typically corporate or governmental, with terms defining the interest rate and maturity date.
Operating Expenses
Costs associated with the day-to-day operations of a business, excluding cost of goods sold (COGS).
Tax Liability
The total amount of tax that an individual or corporation is legally obligated to pay to an authority as the result of the occurrence of a taxable event.
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