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Pay recent debts. Organizations ought to use cash and cash equivalents to pay for invoices and present parts of lengthy-time period debts as they appear due. As an alternative to needing to liquidate extensive-phrase assets, payment is produced with quite possibly the most liquid property.
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7 folks are on trial in connection with what federal prosecutors termed the biggest pandemic relief fraud plan so far. These are accused of collaborating in the $250 million fraud plan from the Minnesota nonprofit Feeding Our Future that allegedly exploited funds from the federal boy or girl diet application in the course of the COVID-19 pandemic to acquire significant-ticket objects like luxurious vehicles and homes.
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In the trial that started in April, defense Lawyers questioned the quality of the FBI’s investigation and advised that this may very well be much more of a circumstance of document-holding challenges than fraud as these defendants sought to maintain up with rapidly switching guidelines with the meals help program.
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