Refer to Westjet's December 31, 2011, balance sheet in Appendix II at the end of the textbook.
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Required
Answer the following questions.
1. Westjet shows cash and cash equivalents on its December 31, 2011, balance sheet. Explain the meaning of cash and cash equivalents.
2. How much cash and cash equivalents did Westjet have on December 31, 2011?
3. By how much did Westjet's cash and cash equivalents increase or decrease from December 31, 2010, to December 31, 2011?
Analysis Component: Is it possible for there to be excessive cash and cash equivalents? Explain.
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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