In a Statement of Cash Flows,the Term "Cash" Includes

question 37

Multiple Choice

In a statement of cash flows,the term "cash" includes:

• A)Only money on deposit in bank accounts.
• B)Only bank accounts and cash on hand.
• C)Bank accounts,cash on hand,and cash equivalents.
• D)Bank accounts,cash on hand,cash equivalents,and marketable securities classified as current assets.

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Definitions:

Equivalent Units

A term used in cost accounting to represent a conversion of partially completed goods into a number of fully completed units.

Direct Materials

Raw materials that are directly traceable to the production of a specific good or service and directly incorporated into the final product.

Direct Labor

The wages paid to workers who are directly involved in the production of goods or the provision of services.

Equivalent Units Of Production

A concept in cost accounting that converts units of production into the amount of finished goods units.