Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PROVIDE SOLUTIONS Aulie Company provided the following information with respect to its cash and cash equivalents on December 31, 2020: The treasury bonds have maturity
PROVIDE SOLUTIONS Aulie Company provided the following information with respect to its cash and cash equivalents on December 31, 2020:
The treasury bonds have maturity values of not less than two years. What amount should be reported as unrestricted cash on December 31, 2020?
Problem 2 Aulie Company provided the following information with respect to its cash and cash equivalents on December 31, 2020: Checking account at Metrobank Checking account at BDO Treasury bonds Payroll Account Tax Fund Foreign bank account - restricted Postage Stamps Employee's postdated check IOU from president's son Credit memo from a vendor for a purchase return Traveller's check NSF check Petty cash (P20,000 in currency and expense receipts for P30,000) Money order (200,000) 3,500,000 1,000,000 500,000 400,000 2,000,000 50,000 300,000 750,000 80,000 300,000 150,000 50,000 180,000 The treasury bonds have maturity values of not less than two years. What amount should be reported as unrestricted cash on December 31, 2020? O P5,500,000 O P4,900,000 OP5,900,000 OP4,500,000Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started