Multiple Choice 1. Cash includes Money only b. Money and neg ble instruments c. Any negotiable instrum promissory notes. lately payable in money and d Money any instrument that is Deprem acceptable by the bank for deposit and immediate edit. atos ba 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 Azirudi bn, bred d. Set aside for acquisition of construction of items of property, plant an 1242 equipment 208.55 3. Which of the following should be presented as cash in the statement of financi position? a: Postdated checks received qu zboring griyiev sot bum 14 26 b. 10Us from officers to be deducted from their salaries of the followin 5 monthsaist c. Undelivered checks d. NSF checks dasmiz var dzes visoms bas zined ni somo 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
Multiple Choice 1. Cash includes Money only b. Money and neg ble instruments c. Any negotiable instrum promissory notes. lately payable in money and d Money any instrument that is Deprem acceptable by the bank for deposit and immediate edit. atos ba 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 Azirudi bn, bred d. Set aside for acquisition of construction of items of property, plant an 1242 equipment 208.55 3. Which of the following should be presented as cash in the statement of financi position? a: Postdated checks received qu zboring griyiev sot bum 14 26 b. 10Us from officers to be deducted from their salaries of the followin 5 monthsaist c. Undelivered checks d. NSF checks dasmiz var dzes visoms bas zined ni somo 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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