Kraft Enterprises owns the following assets at December 31, 2025. What amount should be reported as cash?
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Kraft Enterprises owns the following assets at December 31, 2025.
What amount should be reported as cash?
Transcribed Image Text:
Cash in bank-savings account Cash on hand Cash refund due from IRS $68,000 9,300 31,400 Checking account balance Postdated checks Certificates of deposit (180-day) $17,000 750 90,000
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Related Book For
Intermediate Accounting
ISBN: 9781119790976
18th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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