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| | | | | Financial & Managerial Accounting , 2002 Edition
Belverd E. Needles, Jr., DePaul University
Marian Powers, Northwestern University
Susan Crosson, Santa Fe Community College
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| | Learning Objectives
Chapter 7: Short-Term Liquid Assets
- Identify and explain the management issues related to short-term liquid assets.
- Explain cash, cash equivalents, and the importance of electronic funds transfer.
- Account for short-term investments.
- Define accounts receivable and apply the allowance method of accounting for uncollectible accounts, using both the percentage of net sales method and the accounts receivable aging method.
- Define and describe a promissory note, and make calculations and journal entries involving promissory notes.
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