Examlex
The purchase of securities available for sale but not considered cash equivalents would be classified into which of the following categories for purposes of disclosure in the Statement of Cash Flows?
Part-time Janitor
A Part-time Janitor is an individual employed on a less than full-time basis to perform cleaning and maintenance duties in a building or facility.
Semiannual Payment
A payment made twice a year, often used in terms of loan repayments or investment returns.
Gross Income
The total income received before any deductions or taxes are applied.
Tax-exempt State Bonds
Bonds issued by state or local governments that offer investors the benefit of receiving interest payments that are exempt from federal income tax.
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