Reference no: EM132745950

Problem 1: Which of the following is considered as cash?

a. Customer's post-dated check

b. 30-day certificate of deposit

c. Money order

d. Money market placement

Problem 1: Which of the following are considered cash for financial reporting purposes?

I. Petty cash funds and change funds

II. Money orders, traveler's checks and personal checks

III. Coins, currency and available funds for current operations

IV. Post-dated checks and IOUs

V. Savings account for employee travels

VI. Savings account for acquisition of equipment

VII.Savings account for acquisition of inventories

a. I, II, III, IV, V, VI and VII

b. I, II, III, V, VI and VII

c. I, II, III, IV, V and VI

d. I, II, III, V and VII