CLASSIFY EACH OF THE FOLLOING AS ONE OF THE FOLLOWING: a) cash b) cash equivalent c) other current asset d) noncurrent asset e) current liability f) long-term liability aa) perosnal check from customer bb) cash held in a fund, the fund is expected to accrue interst for three years cc) one year treasury bill purchased two months before maturity date dd) compensating balance held aginst long term debt, where funds are legally restricted from withdrawal ee) negative cash balance due to outstanding checks exceeding cahs on deposit (this is the only accout with this bank) ff) travel advance of cash to an employee for business travel gg) deposit in a money market fund with a two month maturity date hh) cash depsoited in a 5 year bank sinking fund
CLASSIFY EACH OF THE FOLLOING AS ONE OF THE FOLLOWING:
a) cash
b) cash equivalent
c) other current asset
d) noncurrent asset
e) current liability
f) long-term liability
aa) perosnal check from customer
bb) cash held in a fund, the fund is expected to accrue interst for three years
cc) one year treasury bill purchased two months before maturity date
dd) compensating balance held aginst long term debt, where funds are legally restricted from withdrawal
ee) negative cash balance due to outstanding checks exceeding cahs on deposit (this is the only accout with this bank)
ff) travel advance of cash to an employee for business travel
gg) deposit in a money market fund with a two month maturity date
hh) cash depsoited in a 5 year bank sinking fund
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