tée reports the following items: cash in bank $17,500; payroll bank account $6,000; cas s consisting of term deposits with maturity dates of less than 90 days $5,000. Determin ensidered cash, cash equivalents, or other items to be reported on the statement of finar nk nk account ter floats vestments
tée reports the following items: cash in bank $17,500; payroll bank account $6,000; cas s consisting of term deposits with maturity dates of less than 90 days $5,000. Determin ensidered cash, cash equivalents, or other items to be reported on the statement of finar nk nk account ter floats vestments
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ouellette Ltée reports the following items: cash in bank $17,500; payroll bank account $6,000; cash register floats $500; and trading
investments consisting of term deposits with maturity dates of less than 90 days $5,000. Determine which items described above
would be considered cash, cash equivalents, or other items to be reported on the statement of financial position.
Cash in bank
Payroll bank account
Cash register floats
Trading investments
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Ouellette Ltée reports the following items: cash in bank $17,500; payroll bank account $6,000; cash register floats $500; and trading
investments consisting of term deposits with maturity dates of less than 90 days $5,000. Determine which items described above
would be considered cash, cash equivalents, or other items to be reported on the statement of financial position.
Cash in bank
Payroll bank account
Cash register floats
Trading investments
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