Cash or cash equivalent? What does each of the small business owners have? Stephen has 3 ten-dollar

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Cash or cash equivalent? What does each of the small business owners have?

  1. Stephen has 3 ten-dollar bills and 5 singles in the register.
  2. Ben owns 100 shares of AT&T
  3. Eunice owns a number of United States T-bills
  4. Gerald puts $100 a week into savings
  5. Greg has a note from the Omea Company that states they will pay him $1000 in 90 days.
  6. Jimmie took $1000 in traveler’s checks with him to Europe.
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Related Book For  answer-question

Entrepreneurial Small Business

ISBN: 978-1259573798

5th edition

Authors: Jerome Katz, Richard Green

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