Devon Enterprises owns the following assets at December 31, 2025. Cash in bank-savings account $63,000 Cash...

 

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Devon Enterprises owns the following assets at December 31, 2025. Cash in bank-savings account $63,000 Cash on hand Cash refund due from IRS 9,830 Cash to be reported 41,200 What amount should be reported as cash? Checking account balance Postdated checks Certificates of deposit (180-day) $20,300 800 98,800 Devon Enterprises owns the following assets at December 31, 2025. Cash in bank-savings account $63,000 Cash on hand Cash refund due from IRS 9,830 Cash to be reported 41,200 What amount should be reported as cash? Checking account balance Postdated checks Certificates of deposit (180-day) $20,300 800 98,800

Answer rating: 100% (QA)

To calculate the amount that should be reported as cash by Devon Enterprises we consider only those ... View the full answer