Question
Let's say an entity has US Treasury bill of $10,000 obtained on December 31, Year 1 that matures on December Year 2. Can the entity
Let's say an entity has US Treasury bill of $10,000 obtained on December 31, Year 1 that matures on December Year 2.
Can the entity include the US Treasury bill as cash or cash equivalent on Year 1 or Year2?
Can you give me general journal entry or entries for that?
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Financial Accounting Reporting And Analysis
Authors: Jennifer Maynard
2nd Edition
0198745311, 9780198745310
