The following accounts are listed in a companys general ledger: Required 1. Which items are cash equivalents?
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Required
1. Which items are cash equivalents?
2. Explain where items that are not cash equivalents should be classified on the balance sheet.
3. What are the amount and the direction of change in cash and cash equivalents for 2010? Is the company as liquid at the end of 2010 as it was at the end of 2009? Explain your answer.
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Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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