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Exercise 4-50 Cash Reporting Brown Industries has the following items: Currency $15,500 Customer cheques that have not been deposited 675 Cash in saving and chequing
Exercise 4-50 Cash Reporting Brown Industries has the following items: Currency $15,500 Customer cheques that have not been deposited 675 Cash in saving and chequing accounts 35,000 44,000 Certificates of deposits that mature in 18 months Canadian federal government bonds that mature in 2 months 8,000 10,000 Canadian federal government bonds that mature in 12 months Required: How much should Brown report as cash and equivalents on its statement of financial position
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