Blue Company, Inc. had the following cash accounts: One account at First State Bank is restricted solely
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Blue Company, Inc. had the following cash accounts: One account at First State Bank is restricted solely for the purchase of land in two years. An account at Sad State Bank is overdrawn by $10,000. An account at Second State Bank has a positive balance of $25,000 How should these accounts be reported in Blue's balance sheet?
Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
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