17 YU Inc. reported the following amounts: Cash in bank—chequing account of $37,000, Cash on hand of $1,000, Postdated cheques received totalling $3,500, and certificates of deposit totalling $248,000. How much should be reported as cash in the statement of financial position? Select one: a. $ 38,000. b. $286,000. c. $ 45,000. d. $ 37,000.

17 YU Inc. reported the following amounts: Cash in bank—chequing account of $37,000, Cash on hand of $1,000, Postdated cheques received totalling $3,500, and certificates of deposit totalling $248,000. How much should be reported as cash in the statement of financial position? Select one: a. $ 38,000. b. $286,000. c. $ 45,000. d. $ 37,000.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter5: Internal Control And Cash

Section: Chapter Questions

Problem 5.4.3P

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