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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
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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