Multiple Choice 1. Cash includes a. Money only b. Money and negotiable instruments c. Any negotiable instrument including promissory notes. d. Money and any instrument that is immediately payable in money and acceptable by the bank for deposit and immediate credit. atos has tros. E diss 2. To be reported as "cash and cash equivalents", the cash equivalent must be a. Deposited in a financial institution, particularly a bank b. Available for the redemption of preference shares or bonds c. Can be freely used in current operations Vizdevd at bo, bred d. Set aside for acquisition of construction of items of property, plant an 22,as equipment TEZZA JAYOT 200 3. Which of the following should be presented as cash in the statement of financia position? a: Postdated checks received qu zbohaq gaiyev sot shum se cansa desob. 10Us from officers to be deducted from their salaries of the followin geris monthous c. Undelivered checks d. NSF checks 4. Which of the following cannot be shown as part of cash in the current asse section of the statement of financial position? a. Cash in special checking account for payroll b. Compensating balances c. Cash deposited with utility company d. Customer's checks

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
Please answer asap
Multiple Choice
1. Cash includes
por de
NSF a. Money only (24
b. Money and negotiable instruments
2T822A JAYOT
Moc.
Any negotiable instrument including promissory notes.
d. Money and any instrument that is immediately payable in money and
acceptable by the bank for deposit and immediate credit.
Talanoo inuopos elds, atos has XIOS. Tɛ iedinsa ja A
2. To be reported as "cash and cash equivalents", the cash equivalent must be
Deposited in a financial institution, particularly a bank
a.
b. Available for the redemption of preference shares or bonds
c. Can be freely used in current operations
pizdevd at bu, bried no dze
Band. Set aside for acquisition of construction of items of property, plant and
BEF
as
equipment
208.56
3. Which of the following should be presented as cash in the statement of financial
position?
a: Postdated checks received qu zbohaq gniyev sot shum e ansesv
2 b. 10Us from officers to be deducted from their salaries of the following
5 months tong
c. Undelivered checks
d. NSF checks
4. Which of the following cannot be shown as part of cash in the current assets
ad bobo
section of the statement of financial position?
a. Cash in special checking account for payroll
b. Compensating balances
c. Cash deposited with utility company
d. Customer's checks
Transcribed Image Text:Multiple Choice 1. Cash includes por de NSF a. Money only (24 b. Money and negotiable instruments 2T822A JAYOT Moc. Any negotiable instrument including promissory notes. d. Money and any instrument that is immediately payable in money and acceptable by the bank for deposit and immediate credit. Talanoo inuopos elds, atos has XIOS. Tɛ iedinsa ja A 2. To be reported as "cash and cash equivalents", the cash equivalent must be Deposited in a financial institution, particularly a bank a. b. Available for the redemption of preference shares or bonds c. Can be freely used in current operations pizdevd at bu, bried no dze Band. Set aside for acquisition of construction of items of property, plant and BEF as equipment 208.56 3. Which of the following should be presented as cash in the statement of financial position? a: Postdated checks received qu zbohaq gniyev sot shum e ansesv 2 b. 10Us from officers to be deducted from their salaries of the following 5 months tong c. Undelivered checks d. NSF checks 4. Which of the following cannot be shown as part of cash in the current assets ad bobo section of the statement of financial position? a. Cash in special checking account for payroll b. Compensating balances c. Cash deposited with utility company d. Customer's checks
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Basic Accounting Terms
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education