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6. On December 31, 2015, First Company had the following cash balances: Cash in banks Petty cash funds (all funds were reimbursed on 12/31/15)
6. On December 31, 2015, First Company had the following cash balances: Cash in banks Petty cash funds (all funds were reimbursed on 12/31/15) 1,855,00 0 45,000 Cash in banks included P600,000 in a separate bank where-in the company is required to maintain a minimum average of P800,000 of 10 workings on a rolling basis. In the current assets section of First's December 31, 2015 statement of financial position, what total amount should be shown as cash?
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