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Presented below are independent situations. For each individual situation, determine the amount that should be reported as cash. Checking account balance $925,000; certificate of deposit
Presented below are independent situations. For each individual situation, determine the amount that should be reported as cash.
- Checking account balance $925,000; certificate of deposit $1,400,000 maturing in 6 months; cash advance to subsidiary of $980,000; utility deposit paid to gas company $180.
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