What is a risk associated with keeping liquid assets?
What will be an ideal response?
Answer: One risk is the more cash you have, the more you're tempted to spend. Access to cash or even credit can open the door to impulse purchasing. This is the downside of liquidity, which can also affect your cash management and budget. Cash management doesn't only involve deciding where to keep your cash; it involves managing your money and staying within your budget.
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Which method will yield higher cash flows from operating activities?
A. The indirect method. B. The direct method. C. Both direct and indirect methods will yield the same amount. D. Depends upon the situation.
Which of the following amounts generally produce positive AMT adjustments?
a. Real property taxes deduction. b. Personal exemption deduction. c. Charitable contribution deduction. d. Only a. and b. are correct. e. a., b., and c. are correct.