Answered: Which of the following is not a basic…

Which of the following is not a basic principle of cash management? Keep inventory levels high. Invest idle cash. Increase the collection of receivables. Delay payment of liabilities.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments

Section: Chapter Questions

Problem 1CYBK

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Question

Which of the following is not a basic principle of cash management?

Keep inventory levels high.

Invest idle cash.

Increase the collection of receivables.

Delay payment of liabilities.

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