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financial statement has the following options : statement of cash fows, statement of income, statement of changes in equity, statement of financial position and not
financial statement has the following options : statement of cash fows, statement of income, statement of changes in equity, statement of financial position and not applicable.
Account has the following options: Accounts receivable, credit card payable, income tax receivable, trading investments and not applicable
Carla Vista Enterprises Inc. has the following account balances at December 31, 2022: Cash in bank savings account Cash on hand Cash refund due re: overpayment of income tax Chequing account balance Postdated cheques from Yu Corporation Guaranteed investment certificate (180 days to maturity) Credit card balance owed by Carla Vista $80,830 17,540 37,090 24,190 550 106,200 5,900 (a) Your answer is correct. What amount should Carla Vista report as cash and cash equivalents at December 31? Cash $ 122560 (b) In which financial statement(s) and in what account should the items not included in (a) be reported? For items which are included in (a) put "Not Applicable" Items Financial Statement Account Cash in bank savings account Cash on hand Cash refund due re: overpayment of income tax Chequing account balance Postdated cheques from Yu Corporation Guaranteed investment certificate (180 days to maturity) Credit card balanceStep by Step Solution
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