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Prosecutors allege they developed invoices for meals that were hardly ever served, ran shell businesses, laundered revenue, indulged in copyright fraud and acknowledged kickbacks.
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Cash equivalents need to also have the ability to be liquidated to cash; Because of this, cash equivalents have to be very liquid property.
Cash vs. Cash Equivalents Even though the stability sheet account groups cash and cash equivalents with each other, Here are a few noteworthy discrepancies involving the two kinds of accounts.
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