Solution-How much should be reported under the heading cash

How much should be reported under the heading cash

Reference no: EM133109969

Question - Trinitron Inc. has cash in bank of $108,000, cash set aside for retirement on long-term debt in a separate account of $200,000, short-term paper that matures in nine months for $50,000, and a compensating balance at another bank for a long-term loan of $75,000. How much should be reported under the heading Cash?

A) $108,000

B) $433,000

C) $308,000

D) $358,000

Reference no: EM133109969

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How much should be reported under the heading cash

Reference no: EM133109969

Reference no: EM133109969

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