Fundamental Accounting Principles
Fundamental Accounting Principles
24th Edition
ISBN: 9781259916960
Author: Wild, John J., Shaw, Ken W.
Publisher: Mcgraw-hill Education,
Question
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Chapter 8, Problem 12DQ
To determine

Concept Introduction:

Cash and Cash Equivalents:

Cash is the category that includes currency, coins, and deposits in bank accounts. Cash Equivalent is the category which includes short term and highly liquid assets which are readily convertible into cash. Liquidity is the term used for company's ability of payoff its liabilities.

To Indicate:

The comparison of Samsung's Cash with its other current assets as on Dec. 31, 2017 and asses the changes in cash balance as at Dec. 31, 2017 as compared with Dec. 31, 2016

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