Which of the following classifications is likely to be eliminated by the FASB?
A.
temporary investments
B.
cash equivalents
C.
short-term investments
D.
restricted cash

Under IFRS, bank overdrafts are
A.
reported as a deduction from the current asset section.
B.
reported as a deduction from cash.
C.
netted against cash and a net cash amount reported.
D.
reported as a current liability.

The category "trade receivables" includes
A.
advances to officers and employees.
B.
income tax refunds receivable.
C.
claims against insurance companies for casualties sustained.
D.
none of these.