BE7.1 (LO 1) Kraft Enterprises owns the following assets at December 31, 2020. Cash in bank-savings account Checking account balance Postdated checks Certificates of deposit (180-day) 68,000 17,000 Cash on hand 9:300 750 Cash refund due from IRS 31,400 90,000 What amount should be reported as cash?
BE7.1 (LO 1) Kraft Enterprises owns the following assets at December 31, 2020. Cash in bank-savings account Checking account balance Postdated checks Certificates of deposit (180-day) 68,000 17,000 Cash on hand 9:300 750 Cash refund due from IRS 31,400 90,000 What amount should be reported as cash?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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