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1)Treasury stock is
Stock of other corporations owned by a corporation
A U.S. government security
A corporation’s own stock that will never be sold again
A corporation’s own stock that has been reacquired and held for future use
2)A firm’s net cash flow from operating activities includes:
Cash received from sale of merchandise
Cash received from issuance of common stock
Cash received from sale of equipment
Cash received as payment of loan from a borrower
3)To qualify as a cash equivalent, an investment must be:
Convertible into a known cash amount
convertible into a known amount of cash within a 90-day period
convertible to cash after a 90 day period
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