5.Cash and cash equivalents on the statement of financial position include a. cash reserved for acquisition of property, plant and equipment within 3 months from the reporting date b. checks drawn before the reporting date but held for later delivery to creditors c. unrestricted 6-month time deposits d. restricted US dollars deposited in foreign currency depository account in Metrobank
5.Cash and cash equivalents on the statement of financial position include a. cash reserved for acquisition of property, plant and equipment within 3 months from the reporting date b. checks drawn before the reporting date but held for later delivery to creditors c. unrestricted 6-month time deposits d. restricted US dollars deposited in foreign currency depository account in Metrobank
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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15.Cash and cash equivalents on the statement of financial position include
a. cash reserved for acquisition of property, plant and equipment within 3 months from the reporting date
b. checks drawn before the reporting date but held for later delivery to creditors
c. unrestricted 6-month time deposits
d. restricted US dollars deposited in foreign currency depository account in Metrobank
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