Question
John company has the following Cash in Bank checking account of $13,500, Cash on hand of $500, Post-dated checks received totaling $3,500, and Certificates of
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John company has the following Cash in Bank checking account of $13,500, Cash on hand of $500, Post-dated checks received totaling $3,500, and Certificates of deposit totaling $124,000. How much should be reported as cash in the statement of financial position?
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Financial Accounting
Authors: Tony Davies, Ian Crawford
1st Edition
0273723073, 9780273723073
