DAYS CASH ON HAND Definition

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DAYS CASH ON HAND is calculated: Cash/([operating expense - depreciation expense]/365).

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ABNORMAL ITEMS see EXTRAORDINARY ITEMS.

NON-INTEREST BEARING BOND is a bond issued at a discount from its par value and not paying any interest to the holder. The interest earned is determined by the difference between the redemption price and the purchased price. U.S. Treasury bills are an example of non-interest bearing bonds.

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