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On December 31, 2019, what total amount should be reported as cash and cash equivalents? 15. On December 31, 2019, North Company had the following

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On December 31, 2019, what total amount should be reported as cash and cash equivalents? 15. On December 31, 2019, North Company had the following cash balances: Cash in Bank-current account 40,000 Petty cash fund-all funds were reimbursed at year-end 5.000 Time deposit due February 1, 2020 30,000 Time deposit in bank closed by BSP 10,000 Cash in bank included P10,000 of compensating balance against short-term borrowing arrangement on December 31, 2019. The compensating balance is legally restricted as to withdrawal. Your

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