Question
Devon Enterprises owns the following assets at December 31, 2025. Cash in bank-savings account $63,000 Cash on hand Cash refund due from IRS 9,830
Devon Enterprises owns the following assets at December 31, 2025. Cash in bank-savings account $63,000 Cash on hand Cash refund due from IRS 9,830 Cash to be reported 41,200 What amount should be reported as cash? Checking account balance Postdated checks Certificates of deposit (180-day) $20,300 800 98,800
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Intermediate Accounting
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