Cash is listed first on the Balance Sheet because it is the least liquid asset.
Correct Answer:
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Q20: As part of the procedure to properly
Q21: Pirates Party Supply deposited a check for
Q22: Cash equivalents may include money orders and
Q23: Cash equivalents are:
A)very liquid and carry high
Q24: The bank recorded a $49 deposit as
Q26: Each cash account is listed separately on
Q27: A $575 collection on a note from
Q28: Leo's Leather Shoppe has a checking account
Q29: Northwest Plumbing's bank statement shows a bank
Q30: Cash consists of anything that a bank
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