9) All of the following are considered effective cash management principles except :Keeping only necessary levels of assets.Delaying payment of…

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  • A. Keeping only necessary levels of assets.
  • B. Delaying payment of liabilities until the last possible day.
  • C. Planning expenditures.
  • D. Retaining excess cash for unexpected expenditures.
  • E. Encouraging collection of receivables by offering discounts for early payments.

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