Question: 8.1 Select the statement that is not true. If a firm is operating protably, it will automatically have plenty of a. cash. h. The concept

8.1 Select the statement that is not true. If a firm is operating protably, it will automatically have plenty of a. cash. h. The concept of cash underpinning the statement of cash ows is 'cash and cash equivalents J A bank overdraft is an example of a Tcash equivalent.' d. Cash is the pre-eminent asset as it is the medium with which claims are normally settled. E&quot

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