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Ivanhoe Fertilizer Co. owns the following items: (3 Marks) Cash in bank savings account $8,320 Cash on hand 880 Cash refund due from the Canada
Ivanhoe Fertilizer Co. owns the following items: (3 Marks)
Cash in bank savings account $8,320
Cash on hand 880
Cash refund due from the Canada Revenue Agency 1,040
Chequing account balance 14,560
Postdated cheques 520
What amount should Ivanhoe report as cash?
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