Why are cash balances in excess of those needed to finance business operations viewed as relatively nonproductive
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Cash generates little or no revenue In fact federal laws prohibit banks from paying interest on cor...View the full answer
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Related Book For 
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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