Not all financial advisors consider these cash equivalents
NET INCREASE IN CASH AND CASH EQUIVALENTS
Instead, they must either use the days or have the employer automatically contribute the cash equivalent
to the retirement plan.
Because netting bank overdrafts (a liability) against cash in the cash flow statement would prevent agreement between the two cash balances - and since overdrafts can neither be reported as cash nor meet the definition of cash equivalents
(only investments can qualify as cash equivalents
) - it generally is inappropriate to net them against cash.
1060 applicable asset acquisition is allocated first to cash (Class I assets) on a dollar-for-dollar basis, then to cash equivalents
(Class II assets), such as marketable securities, certificates of deposit, etc.
Cash and cash equivalents
were about USD29m as of 30 June 2012, down when compared to cash and cash equivalents
of approximately USD37m at 31 December 2011.
0m, comprised of cash and cash equivalents
valued at EUR19.