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Can you please told me te correct answers please II. True (T) or False (F) (30 points) 1. Savings accounts are usually classified as cash

Can you please told me te correct answers please

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II. True (T) or False (F) (30 points) 1. Savings accounts are usually classified as cash on the balance sheet. 2. Certificates of deposh are usually classified as cash on the balance sheet. 3. Companies include postdated checks and petty cash funds as cash. 4. Cash equivalents are investments with original maturities of six months or less. 5. Bank overdrafts are always offset against the cash account in the balance sheet. 6. Short-term, highly liquid investments may be included with cash on the balance sheet. 7. All claims held against customers and others for money, goods, or services are reported as current assets. 8. Trade receivables include notes receivable and advances to officers and employees. 9. The net amount reported for short-term receivables is not affected when a specific account receivable is determined to be uncollectible. 10. The percentage-of-receivables approach of estimating uncollectible accounts emphasizes matching over valuation of accounts receivable. 11. Companies value and report short-term receivables at net realizable value-the net amount they expect to receive in cash. 12. Both merchandising and manufacturing companies normally have multiple inventory accounts. 13. If a supplier ships goods f.o.b. destination, title passes to the buyer when the supplier delivers the goods to the common carrier. 14. If ending inventory is understated, then net income is understated. 15. Freight charges on goods purchased are considered a period cost and therefore are not part of the cost of the inventory. 16. The cost flow assumption adopted must be consistent with the physical movement of the goods

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