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Evergreen Inc. owns these assets at the statement of financial position date: Cash in bank (savings account) $22,000 Cash on hand 1,700 Prepaid insurance 2,000
Evergreen Inc. owns these assets at the statement of financial position date:
| Cash in bank (savings account) | $22,000 | ||
| Cash on hand | 1,700 | ||
| Prepaid insurance | 2,000 | ||
| Cash in bank (chequing account) | 14,000 | ||
| Postdated cheques received from customers | 1,000 |
(a)
What amount should be reported as cash and cash equivalents in the statement of financial position?
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Lean Audit The 20 Keys To World Class Operations A Health Check For Factory And Office
Authors: Joerg Muenzing
1st Edition
1514817829, 978-1514817827
