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Protection legal professional Andrew Birrell instructed the decide which the bag of cash is "a troubling and upsetting accusation."
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Inventory Stock that a business has in inventory is not considered a cash equivalent mainly because it might not be easily converted to cash. Also, the value of stock is not really confirmed, this means there is not any certainty in the amount that'll be gained for liquidating the inventory.
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Varieties of Cash and Cash Equivalents Cash and cash equivalents help corporations with their Functioning cash needs because these liquid property are used to repay existing liabilities, that are shorter-time period debts and bills.