User Account

All Pages

Which should not be considered cash

Assignment Help Financial Accounting
Reference no: EM132936459

Problem 1. Which of the following should not be considered cash?

a. Petty cash fund

b. Money orders

c. Coins, currency and funds awaiting deposits

d. Postdated checks

Problem 2. Which of the following is incorrect with regard to the valuation of cash and cash equivalents?

a. Valued at current exchange rates and shown as current assets

b. Valued at historical exchange rates and presented as noncurrent assets

c. Values at current exchange rates and presented as noncurrent assets

d. Valued at historical exchange rated and presented as current assets

Problem 3. Which of the following should be considered cash equivalents?

a. Certificate of deposit

b. Money market with checking account privileges

c. Legally restricted compensating balances

d. Postdated checks

Problem 4. Travel advances should be reported as

a. Supplies

b. Cash because they represent the equivalent of money

c. Investments

d. None of these

Reference no: EM132936459

Questions Cloud

How much warranty work was performed : 1% of sales is the estimated warranty cost. The ending balance of the warranty liability was $35,000 (credit). How much warranty work was performed?
Prepare the necessary journal entries as at December : They each have P200,000 capital balances, and they share profits and losses in a 3:1 ratio, Prepare the necessary journal entries as at December 31, 2016
Which deposits held as compensating balances : If a firm has two bank accounts in the same bank and the other has a positive cash balance while the other is overdraft, the overdraft is?
What amount of gain shall be recognized at December : What amount of gain shall be recognized at December 31, 2019 as a result of the increase in the fair value less cost to sell of the asset
Which should not be considered cash : Which should not be considered cash? Which of the following is incorrect with regard to the valuation of cash and cash equivalents?
How much is the investment property to be presented : Land held for a currently determined future use- P300,000. How much is the Investment Property to be presented in the statement of financial position
Which should be presented as cash in the statement : Which should be presented as cash in the statement of financial position? To be reported as "cash and cash equivalents," the cash equivalent must be?
Calculate the annual financial impact of hiring extra worker : Calculate the annual financial impact of hiring the extra worker. Artisan Metalworks has a bottleneck in their production that occurs within the engraving
How much will she have in her retirement account : Jenny is considering opening an IRA in preparation for her retirement. How much will she have in her retirement account

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd