$($n$)$ Blank$\_\_\_\_\_\_$ occurs when the receipts in a category exceed the payments.

Multiple choice question.

net cash outflow

net cash inflow

net cash payment

net cash receiptQuestion Mode

Multiple Choice Question

The statement of cash flows explains the difference between beginning and ending balances of cash and cash equivalents. A cash equivalent must exhibit all of the following criteria, except:

Multiple choice question.

be readily convertible to a known amount of cash.

be close to maturity.

be held at a local institution.