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7 June, 13:32

The statement of cash flows explains changes in a firm's: A) Cash on hand and cash in the bank B) Cash and cash equivalents C) Cash, cash equivalents, and accounts receivable D) Working capital

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  1. 7 June, 13:58
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    C Cash and cash equivalents

    Explanation:

    For Cash equivalent, you must understand that is less than 90 days short term-investment which must be readily for convertible to a known amount of cash and practically no risk, again, within 90 days

    Source: IFRS IAS 7 Statement of Cash Flows-identification of cash equivalents
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