The following current assets are listed in a company's general ledger: Required 1. Which items are cash
Question:
The following current assets are listed in a company's general ledger:
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 2017? Is the company as liquid at the end of 2017 as it was at the end of 2016? Explain your answer.
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Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1337491471
10th edition
Authors: Gary A. Porter, Curtis L. Norton
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