Kraft Enterprises owns the following assets at December 31, 2022. Cash in banksavings account ................... 68,000 Cash
Question:
Kraft Enterprises owns the following assets at December 31, 2022.
Cash in bank—savings account ................... €68,000
Cash on hand ..................................................... 9,300
Tax refund due ................................................ 31,400
Checking account balance ............................. 17,000
Postdated checks ................................................ 750
Certificates of deposit (180-day) .................. 90,000
What amount should be reported as cash?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Step1Data Given Assets Owned On Dec312022 Cash in BankSaving Account68000Euro Cash in Hand9300Euro T...View the full answer
Answered By
Ajai kumar rai
Proficiency As A Teacher
I, am an engineering graduate having background of science education and higher education/experience in context to industry/academic.
My suitability/considerations for doubt solver of science, engineering and management subjects are as follows:
? My engineering knowledge and experience supports the better understanding of the science/mathematics based subjects as the most of civil engineering subjects like structural mechanics, fluid mechanics, geotechnical engineering, water resources engineering, construction technology are based on physics/math application principles
? My industry/teaching mixed experience provides the problem-solving approach in better way through understanding and qualitative expressions in clear step form
? My management degree, which is responsible for enhancement of my analytical ability and communication style/pattern, helps in providing the effective and efficient way of the grasping/solving the doubts
0 Reviews
10+ Question Solved
Related Book For 
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Question Posted:
