For Kroger deposits in transit: What is the account titled Store deposits in - transit ( refer

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For Kroger deposits in transit: What is the account titled Store deposits in

-

transit

(

refer to footnote

1) ?

This is not an account you will find on the majority of company financial statements. Why does Kroger include this account? Is it odd that this account is larger than the cash balance? How do you explain this?

Posted Date: May 10, 2024 12:34 AM

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For Kroger deposits in transit: What is the account titled Store deposits in - transit ( refer

Question:

Expert Answer:

According to footnote 1 the account titled Store deposits in transit is a current asset account that ... View the full answer

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