In preparing its bank reconcillation for the month of March 2021, a company has available the following information: What should be the correct balance of cash at March 31,2021? Multiple Choice $35,250 $36,250 $36,300 $36,550 When the allowance method of recognizing bad debt expense is used, the typical write off of a specific customer's account: Multiple Choice decreases net income. decreases current assets. decreases cash fiow has no effect on net income. Has no effect on the baiance sheet Which of the following is true regarding the classification of financial asset? Multiple Choice Impairment is not necessary if the asset is ciassified as FVTOCI Cryptocurrency is an example of financial asset If the objective is to eventually sell the asset but there is also contractual cash flow, FVTOCI is appropriate The subsequent measurement of financial assets is the same under both ASPE and IFRS