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justabroker_2000

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justabroker_2000

Re: wnc861 post# 2079

Thursday, 11/15/2007 6:12:01 PM

Thursday, November 15, 2007 6:12:01 PM

Post# of 8333
In reality Highly Liquid Investments
Can be turned into Cash in a matter of days, Thats why it is considered Cash on the balance sheet.
Triple A Money Market Funds

The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. The cash equivalents represent investments in """ Triple A """credit rated money market funds that have 7 day auction rates competitive with current market conditions. The Company had cash equivalents at September 30, 2007 of $10,823,432
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