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12 September, 00:57

Why should companies be careful to define cash and cash equivalents correctly?

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  1. 12 September, 04:46
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    If a company overstates cash and cash equivalents, they will appear more liquid than they really are. which would mislead investors and they may feel risky for investing on that company shares. On other side, it will be more difficult to calculate the exact value or net worth of the company.
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