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On the other hand, due to the fact You can find risk that a refund can't be processed timely or there may be only a partial return of cash, prepaid property are not viewed as cash equivalents.
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Samples of desire deposit accounts consist of checking accounts and discounts accounts. All demand from customers account balances as of the day from the economic statements are A part of cash totals.
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Cash equivalents have sure Positive aspects more than cash which make them much better for a few buyers. However, each varieties of monetary devices are incredibly very similar and yield equally very low yields.