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The statement of cash flows explains changes in a firm’s: A) Cash on hand and cash in the bank B) Cash and cash equivalents C) Cash, cash equivalents, and accounts receivable D) Working capital

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Answer:

C  Cash and cash equivalents

Explanation:

For Cash equivalent, you must understand that is less than 90 days short term-investment which must be readily for convertible to a known amount of cash and practically no risk, again, within 90 days

Source:  IFRS  IAS 7 Statement of Cash Flows—identification of cash equivalents

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