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Term Of The Hour

cash equivalent statement: Original post by Wanda Thibodeaux of Demand Media A checking account is a cash equivalent reported by most companies. http://photos2.demandstudios.com/DM-Resize/photos.demandstudios.com/getty/article/110/102/92572372.jpg?w=700&h=700&keep_ratio=1 Thinkstock/Comstock/Getty Images A financial statement is a formal document companies use to show all of their assets. Two assets companies must…

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