Solution-What amount should be reported as cash and cash

What amount should be reported as cash and cash equivalents

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Reference no: EM132860294

Problem - EvergreenInc. owns these assets at the statement of financial position date:

Cash in bank (savings account) $22,000

Cash on hand 1,700

Prepaid insurance 2,000

Cash in bank (chequing account) 14,000

Postdated cheques received from customers 1,000

Required - What amount should be reported as cash and cash equivalents in the statement of financial position?

Reference no: EM132860294

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What amount should be reported as cash and cash equivalents

Reference no: EM132860294

Reference no: EM132860294

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