Question: Listed below are ten items may be found on a balance sheet. Required: Indicate with yes or no whether each of the items should be
Required:
Indicate with yes or no whether each of the items should be induced in the cash balance present on the balance presented on the balance sheet. If "yes" is selected for the "is selected for the "included in the "Classification items Excluded" column, otherwise, indicate the normal balance sheet treatment for those items not included as cash.
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Item Included in Cash Balance Classification Items Excluded Accounts Receivable NSF checks Savings account Compensating balance no Postdated checks IOUS Cash on hand Current or Noncurrent Asset Accounts Receivable Accounts Receivable Cash in sinking fund Long-term Investment Travel advance Bank draft Travelers checks Prepaid Expense Select your answer -Select your Cash
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