Kraft Enterprises owns the following assets at December 31, 2019. Cash in bank-savings account..............................68,000 Cash on hand......................................................9,300
Question:
Cash in bank-savings account..............................€68,000
Cash on hand......................................................9,300
Tax refund due...................................................31,400
Checking account balance......................................17,000
Postdated checks...................................................750
Certificates of deposit (180-day).............................90,000
What amount should be reported as cash?
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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