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Crane Inc. owns these assets at the statement of financial position date: Cash in bank (savings account) $22,880 Cash on hand 1.720 Prepaid insurance 2.080
Crane Inc. owns these assets at the statement of financial position date: Cash in bank (savings account) $22,880 Cash on hand 1.720 Prepaid insurance 2.080 Cash in bank (chequing account) 14,560 Postdated cheques received from customers 1.040 (a) What amount should be reported as cash and cash equivalents in the statement of financial position? Cash $
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