2 Assumption: XYZ Company has been discussing the following situations with the management team. 1. Cash and cash equivalents are comprised of coins, currency (paper money), money orders, and NSF checks. 2. Restricted cash is classified as either a current asset or noncurrent asset, depending on the circumstances. 3. A company may have a negative balance in its bank account. In this case, it should offset this negative balance against cash and cash equivalents on the balance sheet. 4. Because cash and cash equivalents often includes short-term investments, accounts receivable should be reported as the first item on the balance sheet. Actions to take: 1. Indicate whether each of the following statements is true or false. If false, indicate how to correct the statement. Indica si es cierto o falso y explica los que sean falsos. Valor 5 puntos comprised = compuesto, formado as either a= ya sea como, cualquiera de los dos