Indicate (Yes or No) whether each of the following is properly included in Cash and CashEquivalents._______ 1. $10,000 of government Treasury bills purchased 10 days prior to their maturity._______ 2. $50,000 of government Treasury bills purchased to satisfy a legal requirement to setaside funds for a landfill cleanup._______ 3. $10,000 of cash owed by customers on sales made within 20 days of year-end._______ 4. $1,000 of cash in the petty cash custodian’s locked cash box.
Indicate (Yes or No) whether each of the following is properly included in Cash and CashEquivalents._______ 1. $10,000 of government Treasury bills purchased 10 days prior to their maturity._______ 2. $50,000 of government Treasury bills purchased to satisfy a legal requirement to setaside funds for a landfill cleanup._______ 3. $10,000 of cash owed by customers on sales made within 20 days of year-end._______ 4. $1,000 of cash in the petty cash custodian’s locked cash box.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Indicate (Yes or No) whether each of the following is properly included in Cash and Cash
Equivalents.
_______ 1. $10,000 of government Treasury bills purchased 10 days prior to their maturity.
_______ 2. $50,000 of government Treasury bills purchased to satisfy a legal requirement to set
aside funds for a landfill cleanup.
_______ 3. $10,000 of cash owed by customers on sales made within 20 days of year-end.
_______ 4. $1,000 of cash in the petty cash custodian’s locked cash box.
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