Kraft Enterprises owns the following assets at December 31, 2012. Cash in banksavings account 68,000 Cash on

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Kraft Enterprises owns the following assets at December 31, 2012.

Cash in bank—savings account 68,000
Cash on hand 9,300
Cash refund due from IRS 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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Intermediate Accounting

ISBN: 978-0470587287

14th Edition

Authors: kieso, weygandt and warfield.

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Question Posted: Sep 12, 2022 02:13 AM

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Kraft Enterprises owns the following assets at December 31, 2012. Cash in banksavings account 68,000 Cash on

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Intermediate Accounting

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