A compensating balance occurs when a bank may require a company to maintain a maximum cash balance.
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Q39: In preparing a bank reconciliation, the amount
Q40: The bank reconciles its statement to the
Q41: Most companies that have several bank accounts,
Q42: Expenditures from a petty cash fund are
Q43: When the petty cash fund is replenished,
Q45: The petty cash fund eliminates the need
Q46: The ratio of cash to monthly cash
Q47: The sum of the money on hand
Q48: Cash equivalents include short-term investments that will
Q49: Money market accounts, commercial paper, and U.S.
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