Hopper company is preparing its Cash Flow Statement. The accountant preparing the statement is presented with the

Question:

Hopper company is preparing its Cash Flow Statement. The accountant preparing the statement is presented with the following information:

Bank Account A..................... $35,000
Bank Account B..................... $16,500
Bank Account C..................... $(1,200)


Requirement: 

What amount should appear as cash and cash equivalents in the cash flow statement? Provide specific Codification references.

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Related Book For  book-img-for-question

Accounting and Auditing Research Tools and Strategies

ISBN: 978-1119441915

9th edition

Authors: Thomas Weirich, Thomas Pearson, Natalie Tatiana

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