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Exercise 2 - 8 Wimbledon Company provided the following information regarding the composition of its cash account on December 31, 2020: Checking account- BPI Savings
Exercise 2 - 8 Wimbledon Company provided the following information regarding the composition of its cash account on December 31, 2020: Checking account- BPI Savings account- BPI Cash on hand Travel advances of employee to be paid through salary deduction Separate cash fund, restricted for the retirement of long-term assets P1,200,000 1,500,000 10,000 120,000 1,000,000 Savings account includes P200,000 holdout against short-term borrowing arrangements. In the current assets section of Wimbledon Co.'s December 31, 2019 statement of financial position, how much should be reported as cash
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