Cash flow
Irvin (...) (51 Points)
02 January 2015
temporary investments in cash flow statements should be taken in investment activities or treated as cash and cash equivalents
3 Replies
NAVEESH DHAR
(ADVOCATE- TAXATION ADVISOR)
(427 Points)
Replied 03 January 2015
It should be shown under Investment (Short Term)
sneha khemka
(CA, article assistant)
(72 Points)
Replied 03 January 2015
Temporary Investment means Investment for short duration which can be converted into cash & cash equivalantes very easily. So as per yur assumption u can consider it cash ur cash equivalents aur Short term investment.
Kasang James
( Accountant)
(105 Points)
Replied 04 January 2015
Dear Arvin,
Temporary investment is just like current assets which is for a short duration. It can be converted into cash fast.
Thanks
Kasang
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