Question 1 of 5 0.5/1 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Sage Hill Inc. owns the following assets at December 31, 2020. Cash in bank savings account Cash on hand Refund due loverpayment of income taxes) Preferred shares acquired shortly before their fixed maturity date $47.900 14,300 30,400 15,400 Chequing account balance Postdated cheque From Orlole Company Cash in a foreign bank (CAD equivalent) Short term paper with a maturity date of three 14 Sage Hill follows ASPE and follows a policy of including all possible items in cash and cash equivalent, what amount should be reported as cash and cash equivalents? (Do not leave any answer field blank. Enter for amounts) Cash and cash equivalents under ASPES 194800 If Sage Hill follows IFRS what amount should be reported as cash and cash equivalents! Cash and cashequivalents under IFRS e Textbook and Media Sow for at Attempts: 2 of 3 used Submit Answer Question 1 of 5 0.5/1 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Sage Hill Inc. owns the following assets at December 31, 2020 $47.900 14.300 30,400 15,400 Chequing account balance Postdated cheque from Oriole Company Cash in a foreign bank (CAD equivalent) Short-term paper with a maturity date of three months from the date acquired $31.000 400 90,000 11.600 ir fixed maturity date 1 (21) If Sage Hill follows ASPE and follows a policy of including all possible items in cash and cash equivalent. what amount should be reported as cash and cash equivalents? (Do not leave any answer field blanke Enter for amounts) Cash and cash equivalents under ASPE $ 194800 (a2) of Sage Hill follows IFRS what amount should be reported as cash and cash equivalents? Cash and cash equivalents under IFRS $ e Textbook and Media Attempts: 2 of 3 used Summit An Save for Later