One company had the following items in its “cash” account ad of december 31, 2022: Cash on handP150,000 Cash in abnk - unrestricted800,000 Cash restricted for additions to plant (to be disbursed in 2025)600,000 Bank certificates of deposit (acquired 12/25/2022; due in 4/1/2023)250,000 Cash in bank - to be used for payment of 2023 dividends300,000   How much should be reported as cash and cash equivalents as of December 31, 2022?

Q: Mara Company provided the following data on December 31, 2020: • Cash in general checking account •…

A: Answer: Total working capital = Current asset- Current liability

Q: Bailey Corporation for the year ended December 31, 2022, has these balances:   Traveler’s check P…

A: Cash and Cash equivalent: It is the  liquid current assets and  short-term commitments  which can be…

Q: ABC's financial record shows the following cash data: Cash Balance, 1/1/2020 325,000 Cash receipts…

A: The closing cash balance means the balance which remains after adding all cash receipts during the…

Q: Sohar Company's income statement for 2021 is given below. If Accounts receivable balances are 14000…

A: Accounts receivable represents the current assets which increases with the level of credit sales…

Q: Hello- Please help me to the Return on assets.    Thanks,

A: Calculate the return on assets as follows: Return on assets = Net income / Total assets

Q: net working capital

A: Net working capital= Current Assets - Current liability  Current assets means assets which is…

Q: Rebecky's Flowers 4U, Incorporated, had free cash flows during 2024 of $43 million, NOPAT of $85…

A: Balance Sheet: - A balance sheet is a statement of a company's assets, liabilities, and capital at a…

Q: Wimbledon Company provided the following information regarding the composition of its cash account…

A: Current assets are assets that can be converted into cash within 1 year. A separate cash fund,…

Q: At December 31, 2023, Blanco Company had the following balances in the accounts it maintains at…

A: The head “Cash” under current assets includes cash, bank balance, and other equipment equivalent to…

Q: UTV Corp. have the following account balances for the year ended December 31, 2020: DEBIT BALANCES…

A: The statement of financial position is also known as the balance sheet. This statement shows the…

Q: Jane Dear Tractors has cash in bank of $85,000, cash set aside for a plant expansion in a separate…

A: Variables in the question:Cash in bank = $85,000Cash set aside for a plant expansion in a separate…

Q: A company paid $40,000 cash to purchase one Bitcoin on January 8, 2021. Bitcoin's price fell to…

A: Cryptocurrencies are a form of digital currency designed as medium of exchange.It can not be…

Q: On January 31, 2019, YZ Company engaged in the following transactions: * Obtained a P500,000,…

A: Amount received from loan = Loan amount - discount = P500000 - (500000 * 12% * 6/12) = P470,000

Q: The financial statements for Barrington Service Company include the following items: 2025 2024 Cash…

A: The current ratio acts as a financial fact used to assess a company's ability to satisfy its…

Q: Primo Office Supplies has been in existence for two years (2019 and 2020). The first year (2019) had…

A: If gross receipts do not exceed a specific amount, the Cash method can be adopted.

Q: The December 31, 2021 statement of financial position of PINK Company contained the follow current…

A: Solution Concept Notes : IOUs are not part of  the cash and cash equivalent The credit balances of…

Q: Cash in Metrobank 1,875,000 Cash in BPI 200,000 Cash on hand (includes a customer's check for…

A: Cash (money or coins) is legal tender that may be used to exchange products, debts, or services. It…

Q: The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from:…

A: Cash Flow Statement The purpose of preparing the cash flow statement is to know the movement of cash…

Q: Scan House, Inc. prepares financial records during the year on a cash basis. As the newly appointed…

A:

Q: compute for the cash and cash equivalent that would be reported on the December 31, 2016 balance…

A: As per our protocol we provide solution to the one question only but you have asked two questions…

Q: The June 30, 2022 statement of financial position of Red Corporation shows a cash balance of…

A: According to the given question, we are required to compute the cash and cash equivalents of Red…

Q: If opening net assets are OMR 200,000, dividends are OMR 24,000, direct expenses are OMR 20,000 and…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: Hong Kong Clothiers reported revenue of $5,150,000 for its year ended December 31, 2021. Accounts…

A: Formula: Cash collected from customers = Revenue + Receivables of December 31, 2020 - December 31,…

Q: Compute total current assets. * The December 31,2021, Statement of Financial Position current…

A: Balance sheet:   It is a financial statement that states the value of assets, liabilities, and…

Q: Riley Company borrowed $40,000 on April 1, Year 1 from the Titan Bank. The note issued by Riley…

A: Operating activities in the cash flow statement includes the cash inflows and outflows from the…

Q: Commercial paper due in 100 days 1,000,000 Currency and coins in petty cash fund (including…

A: Cash & cash equivalents includes cash available and the assets which will be immediately…

Q: Aguas Company reported total cash and cash equivalents of P5,465,000 on December 31, 2020, which…

A: Answer:- Statement of financial position meaning:- Statement of financial statement, accurately…

Q: On January 1, 2021, FDN Company has a cash balance of P43,600. The following financial information…

A: Investing Activities: In the cash flow statement, one of the most important types of net cash…

Q: As of December 31, 2020 Coke Company reported the following items in its balance sheet Cash…

A: 1. Non current asset are long term asset whose benefits will be realized over more than 1 year and…

Q: Please help solve

A: Step 1: Introduction to the Cash Receipts & Payments:Cash receipts increase cash flows, while…

Q: Cash Received from: Collections from customers Interest on notes receivable Collection of notes…

A: Introduction:A statement which shows inflow and outflow of cash under three different activities,…

Q: SydMel Ltd Statement of financial position As of 30 June 2020.       2020 2019 Assets…

A: Cash flow from operating activities refers to the amount of money a company earns from continuing,…

Q: The June 30, 2022 statement of financial position of Red Corporation shows a cash balance of…

A: Cash and Cash Equivalent The line item on the balance sheet that shows the value of a company's…

Q: For the purpose of borrowing $100,000 (10-year loan with 12% interest annually), Shannon…

A: Debt equity ratio indicates the proportion of shareholder funds and debts which is used in company's…

Q: Caring enterprises had the following account balances on Decrmber 31, 2020; Cash in BPI Bank-…

A: Cash refers to the current asset that is the most liquid asset and resource used in terms of…

Q: 14. How much is the total amount to be reported as cash and cash equivalents as of December 31,…

A: Cash and cash equivalents - are the item on the balance sheet which are reported under 'current…

Q: The beginning cash balance of Arizona Corp. is P700,000. It foresees the following cashflows for the…

A: The ending cash balance can be calculated by adding collections made and subtracting payments made…

Q: Required: 1. Prepare a cash budget for the 3-month period, July through September. Also add one…

A: Cash Budget for 3 months Particulars July August September Opening balance (A) 60000 53000 50000…

Q: Comparative statement of financial position of Alpha Sdn Bhd as at 31 December 2023 and 2022 are as…

A: Cash Flow Statement (Direct Method) for Alpha Sdn Bhd (Year Ended 2023)A. Operating ActivitiesCash…