FIN+MAN ACCOUNTING (LL) W/ ACCESS CODE
FIN+MAN ACCOUNTING (LL) W/ ACCESS CODE
9th Edition
ISBN: 9781265884871
Author: Wild
Publisher: MCG
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Chapter 6, Problem 13DQ
To determine

Concept Introduction:

Idle cash: Idle cash is also referred to as surplus cash that is lying in the account for no reason. In other words, idle cash can be defined as the amount that remains in the company’s current or saving account on which no or little interest is being paid.

The reason for investing idle cash in cash equivalents.

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