Examlex
Which of the following statements about vendor-managed inventory (VMI) is false?
Excess Cash
Surplus funds that are not required for immediate operational needs or investment purposes.
Accrued Interest
Interest that has been incurred but not yet paid, usually recorded as a liability on the balance sheet.
Interest Dates
Specific dates on which interest payments on loans or bonds are due to be paid to lenders or bondholders.
Interest Revenue
Income that is earned from investments, savings, bonds, or other interest-bearing accounts over a particular period.
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