A company wants to offset its accounts payable against its cash account and show a cash amount net of accounts payable on its balance sheet.

A company wants to offset its accounts payable against its cash account and show a cash amount net of accounts payable on its balance sheet. Identify the criteria (found in the FASB Codification) under which a company has the right of set off. Does the company have the right to offset accounts payable against the cash account? B 7 U T T I !!! INI 1 JU E * 3 99 O Word(s)