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QUESTION ANSWER [LO5] Which of the following is true regarding cash and cash equivalents?...

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Accounting

QUESTION
ANSWER
[LO5] Which of the following is true regarding cash and cash equivalents?
it is a long-term asset on the income statement
it is a long-term asset on the balance sheet
it is a current asset on the income statement
it is a current asset on the balance sheet
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