alleryStart learning →A demand overdraft integral to cash management is:
AShown as an operating item
BShown as a financing outflow
CShown as an investing inflow
DPart of cash and cash equivalents
Answer & Solution
Correct answer: D. Part of cash and cash equivalents
Where an overdraft swings between positive and negative balances as part of cash management, it is netted within cash and cash equivalents.
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