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Q1 Q2 A company has the following items at year-end: Cash in bank 40,000 Cash on hand 600 Treasury bills with maturity of 2 months
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A company has the following items at year-end: Cash in bank 40,000 Cash on hand 600 Treasury bills with maturity of 2 months 5,400 Travel advances 2,500 How much should be reported as "cash and cash equivalents" in the statement of financial position? O A $46,000 OR $40,600 OC. $48,500 OD.$43.100. 1.5 points Moving to another question will save this response Question 2015 Question 2 On May 2020, Sanad Company factored receivables of $500,000 to Muharraq Company, Muharra Company assesses a finance charge of 4% of the receivables and retains 6% of the receivables. Assume that Sanad Company factors the receivables on a without guarantee (recourse) basis. The loss on sales of receivables to be reported is: O A $20.000 OLS10,000 OC$30,000 OD 550.000 Q2
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