Question
Kraft Enterprises owns the following assets at December 31, 2014. Cash in banksavings account 68,000 Checking account balance 17,000 Cash on hand 9,300 Postdated checks
Kraft Enterprises owns the following assets at December 31, 2014. Cash in banksavings account 68,000
Checking account balance 17,000
Cash on hand 9,300
Postdated checks 750
Cash refund due from IRS 31,400
Certificates of deposit (180-day) 90,000
What amount should be reported as cash?
Cash to be reported $
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Financial Accounting For MBAs
Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally
4th Edition
9781934319345
