Which of the following is not a valid reason for holdingcash? a. to meet transaction requirements b.

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Question:

Which of the following is not a valid reason for holdingcash?

a. to meet transaction requirements

b. to earn the highest return possible

c. to satisfy emergency needs for funds

d. to have a cushion against unexpected expense

Related Book For answer-question

Advanced Accounting

ISBN: 978-0077431808

10th edition

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

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Posted Date: Dec 13, 2022 07:20 AM

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Which of the following is not a valid reason for holdingcash? a. to meet transaction requirements b.

Question:

Expert Answer:

Answer The correct choice is option b To get the highest probable ret... View the full answer

Advanced Accounting

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