What kaniper should report cash and cash equivalents of

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Reference no: EM132728020

Problem 1: Which of the following should be recorded in Accounts Receivable?

a.Receivables from officers
b.Receivables from subsidiaries
c.Dividends receivable
d.None of the above.

Problem 2: Kaniper Company has the following items at year-end:

Cash in bank $20,000
Petty cash 300
Short-term paper with maturity of 2 months 5,500
Postdated checks 1,400

Kaniper should report cash and cash equivalents of:

a.$20,000
b.$20,300
c.$25,800
d.$27,200

Reference no: EM132728020

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