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Which of the following is Considered Cash?   -Sinking Fund "Bond Attached is 2 year maturity" -Fund to buy PPE for Next Year -Pension Fund -Petty Cash Fund       Inventories encompasses all of the following, except?   -land and other property not held for sale -materials and supplies awaiting use in the production process -merchandise purchased by retailer -finished goods produced     If the company has foreign cash in bank, the cash must be denominated as?   -Dollar -Local Currency -Foreign Currency -Philippine Peso

Which of the following is Considered Cash?   -Sinking Fund "Bond Attached is 2 year maturity" -Fund to buy PPE for Next Year -Pension Fund -Petty Cash Fund       Inventories encompasses all of the following, except?   -land and other property not held for sale -materials and supplies awaiting use in the production process -merchandise purchased by retailer -finished goods produced     If the company has foreign cash in bank, the cash must be denominated as?   -Dollar -Local Currency -Foreign Currency -Philippine Peso

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following is Considered Cash?
 
-Sinking Fund "Bond Attached is 2 year maturity"
-Fund to buy PPE for Next Year
-Pension Fund
-Petty Cash Fund
 
 
 
Inventories encompasses all of the following, except?
 
-land and other property not held for sale
-materials and supplies awaiting use in the production process
-merchandise purchased by retailer
-finished goods produced
 
 
If the company has foreign cash in bank, the cash must be denominated as?
 
-Dollar
-Local Currency
-Foreign Currency
-Philippine Peso
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