Which of the Following Concepts of Cash Is Not Appropriate

question 154

Multiple Choice

Which of the following concepts of cash is not appropriate to use in preparing the statement of cash flows?

• A) cash
• B) cash and money market funds
• C) cash and cash equivalents
• D) cash and U.S. treasury bonds

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Definitions:

Limited Partnership Origin

The beginning or establishment of a partnership structure where there are one or more general partners with unlimited liability, and one or more limited partners with liability limited to the amount of their investment.

Europe

A continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere.

Limited Partnership

A business structure where one or more partners have limited liabilities and responsibilities, and there is at least one general partner with unlimited liability.

General Partner

A member of a partnership who has unlimited liability and is actively involved in the management of the partnership.