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Tamarisk, Inc. owns the following assets at December 31, 2020: Cash in bank savings account $ 48,500 Chequing account balance Cash on hand 14,000 Postdated
Tamarisk, Inc. owns the following assets at December 31, 2020: Cash in bank savings account $ 48,500 Chequing account balance Cash on hand 14,000 Postdated cheque from Carla Vista Co. Refund due (overpayment of income taxes) 31,300 Cash in a foreign bank (CAD equivalent) Preferred shares acquired shortly before their fixed maturity date 15,900 Short-term paper with a maturity date of three m (a1) If Tamarisk 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 O for amounts.) Cash and cash equivalents under ASPE (a2) If Tamarisk follows IFRS what amount should be reported as cash and cash equivalents? Cash and cash equivalents under IFRS $ ta Tamarisk, Inc. owns the following assets at December 31, 2020: Cash in bank savings account $ 48,500 Chequing account balance Cash on hand 14,000 Postdated cheque from Carla Vista Co. Refund due (overpayment of income taxes) 31,300 Cash in a foreign bank (CAD equivalent) Preferred shares acquired shortly before their fixed maturity date 15,900 Short-term paper with a maturity date of three m (a1) If Tamarisk 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 O for amounts.) Cash and cash equivalents under ASPE (a2) If Tamarisk follows IFRS what amount should be reported as cash and cash equivalents? Cash and cash equivalents under IFRS $ ta
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