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Unreleased checks *   a. Should be treated as outstanding checks b. Should be restored to the cash balance c. Should be treated as outstanding checks if the date is shortly after the balance sheet d. Should be treated as outstanding chec

Unreleased checks *   a. Should be treated as outstanding checks b. Should be restored to the cash balance c. Should be treated as outstanding checks if the date is shortly after the balance sheet d. Should be treated as outstanding chec

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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6. Unreleased checks *
 
a. Should be treated as outstanding checks
b. Should be restored to the cash balance
c. Should be treated as outstanding checks if the date is shortly after the balance sheet
d. Should be treated as outstanding checks if they are ultimately encashed
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