AASB 107 states that for a money market deposit to be classified as cash:
A) It must normally have a maturity of 3 months or less from the date of acquisition.
B) It must be scheduled to mature within the operating cycle of the entity.
C) It must normally mature 3 months or less from balance date.
D) It must be within 1 month of maturing at balance date.
E) None of the given answers.
Correct Answer:
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