What are the accounts included and how do I solve for cash and cash equivalent? The following
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What are the accounts included and how do I solve for cash and cash equivalent?
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The following pertains to Luffy Corporation on December 31, 2020: Currency and coins in a petty cash fund (the company has not replenished the fund to the imprest amount of P5,000) Treasury warrants P1,000 20,000 12.000 32.000 150,000 Cash travel advances in the hands of sales personnel Cash surrender value of life insurance policy Cash accumulated in a special fund that will be used for plant expansion in five years Overdraft in a special checking account with RCBC Bank BPI general checking account Postal money order How much cash and cash equivalents should Luffy report on the December 31, 2020 statement of financial position? 20,000 320.000 50.000 The following pertains to Luffy Corporation on December 31, 2020: Currency and coins in a petty cash fund (the company has not replenished the fund to the imprest amount of P5,000) Treasury warrants P1,000 20,000 12.000 32.000 150,000 Cash travel advances in the hands of sales personnel Cash surrender value of life insurance policy Cash accumulated in a special fund that will be used for plant expansion in five years Overdraft in a special checking account with RCBC Bank BPI general checking account Postal money order How much cash and cash equivalents should Luffy report on the December 31, 2020 statement of financial position? 20,000 320.000 50.000
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Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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