Current Attempt in Progress

For each of the following, identify whether or not the amount should be included in the statement of financial position line, "Cash and cash equivalents" as at the company's June $30$ year end.

$($a$)$

$($b$)$

$($c$)$

Cash in five cash registers

$$940$

Should be included

Cheque received, post$-$dated for July $5$

$$240$

Not included

$<$

$>$

$US bank account $($$CAD equivalent$)$

$$9,400$

Should be included

$($d$)$

$($e$)$

$($f$)$

$($g$)$

$30-$day GIC $($Guaranteed Investment Certificate$)$

$$56,400$

Should be included

Equity investment in subsidiary

$$117,500$

Not included

Income tax refund due, not yet received

$$2,630$

Not included

Y

Savings account at First Imperial Bank

$$89,300$

Should be included

Calculate the total that should be reported as "Cash and cash equivalents" as at June $30.$

Question $15$ of $24$

$/1$

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Current Attempt in Progress

Kingbird Enterprises owns the following assets at December $31,2023$:

Cash in bank savings account

$$48,200$

Chequing account balance

Cash on hand

$14\mathrm{.}300$ Postdated cheque from Blossom Company

Cash refund due $($overpayment of income taxes$)$

$31,700$ Cash in a foreign bank $($CAD equivalent$)$

Preferred shares acquired shortly before their fixed maturity date

$15,800$ Debt instrument with a maturity date of three mo

If Kingbird follows ASPE and has adopted the policy to include all possible cash and cash equivalents, what amount should be reported as cash and cash equivalents?

Cash and cash equivalents under ASPE

S

If Kingbird follows IFRS and has adopted the policy to include all possible cash and cash equivalents, what amount should be reported as cash and cash equivalents?

Cash and cash equivalents under IFRS

$