Stowe Enterprises owns the following assets at December 31, 2008. Cash in bank-savings account . 63,000 Checking

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Stowe Enterprises owns the following assets at December 31, 2008.

Cash in bank-savings account . 63,000

Checking account balance .... 17,000

Cash on hand ........ 9,300

Postdated checks ........ 750

Cash refund due from IRS .... 31,400

Certificates of deposit (180-day) . 90,000

What amount should be reported as cash?

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Intermediate Accounting principles and analysis

ISBN: 978-0471737933

2nd Edition

Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso

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Question Posted: May 16, 2012 07:26 AM

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Stowe Enterprises owns the following assets at December 31, 2008. Cash in bank-savings account . 63,000 Checking

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