Under which of the following situations deposit is considered to be a cash equivalent? I) Assuming 31st December 2018 year end, a term deposit starting on 1 December 2018 and maturing on 31 January 2019 II) Assuming 31st December 2019 year end, a term deposit starting on 15th November 2019 and maturing on 21st June 2020 III) Assuming 31st December 2018 year end, a term deposit starting on 1 December 2018 and maturing on 15th January 2019 IV) Assuming 31st December 2019 year end, a term deposit starting on 15th November 2019 and maturing on 21st June 2021 a. I and III b. IV only c. II only d. I, II and III

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A: Accounts payable means amounts repayable in respect of purchases made from suppliers.

Q: Define Short-Term Interest-Bearing Notes.

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Q: Define installment Notes.

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Q: Explain how receivables can be converted to cash before maturity.

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Q: Explain the initial & subsequent recognition of interest-bearing long-term notes receivable.

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Q: how to you calculate partial payments during cash discount time

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