Raven Corp has a checking account balance of $150,000, a bank overdraft of $40,000 on a different bank account at a different bank, petty cash of $1,000, post-dated checks received totaling $10,000, and a certificate of deposit (that matures in four months) for $200,000. How much should be reported as cash in the balance sheet?

a. $111,000

b. $121,000

c. $151,000

d. $321,000

Answer rating: 100% (QA)

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