120 cash Can Be Fun For Anyone
120 cash Can Be Fun For Anyone
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e. the final six months of interest is foregone). If a financial establishment doesn't allow this option, the CD really should not be handled as a cash equal. That is very true for extended-expression products and solutions for instance five-12 months CDs that must be held to maturity.
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Cash vs. Cash Equivalents Even though the balance sheet account groups cash and cash equivalents together, there are a few noteworthy distinctions among The 2 different types of accounts.
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