Answer 2 questions

Chapter 7: Discussion Post 1 Define financial assets and explain their valuation in the balance sheet 2. Describe the objectives of cash management and internal controls over cash. 3. Describe how short-term investments are reported in the balance sheet and account for transactions involving marketable securities 4. Describe internal controls over accounts receivable 5. Account for uncollectible receivables using the allowance and direct write-off methods 6 Explain compute and account for notes receivable and interest revenue 7 Evaluate the liquidity of a company s accounts receivable