On December 31, Harrison Company reports the following assets: Cash on hand Bank drafts Checking account Certificates

Question:

On December 31, Harrison Company reports the following assets:

Cash on hand

Bank drafts

Checking account

Certificates of deposit

Postage stamps

Negotiable checks

Which of these are included in, and excluded from, cash on the company’s balance sheet?

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Intermediate Accounting

ISBN: 978-0324659139

11th edition

Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones

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Question Posted: Dec 09, 2013 08:47 AM

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On December 31, Harrison Company reports the following assets: Cash on hand Bank drafts Checking account Certificates

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Included in cash Cash on h...View the full answer

Intermediate Accounting

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