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Appropriately, auction fee securities and variable rate desire notes that don't mature, or are not puttable to your issuer, inside 3 months from the date of acquisition never show the maturity attribute of the cash equal. Alternatively, they need to be accounted for as investments in accordance with ASC 320-10.Bank overdrafts manifest whenever a fi
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Merchandise generally considered cash equivalents involve brief-phrase treasury expenses, industrial paper, and funds industry money. While what constitutes a cash marketplace fund is not really described in ASC 230, we feel it can be suitable for a fund being categorised as a cash equivalent if it fulfills all the qualifying requirements for you
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