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Which of the Following Statements Is NOT True

Question 46

Multiple Choice

Which of the following statements is NOT true?


A) Cash and cash equivalents are defined as deposits in banks plus short-term investments.
B) A firm's accounts receivable is debt owed to them by other firms.
C) Another term for accounts receivable is trade credit.
D) A firm's mortgages would appear on the asset side of its balance sheet.

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