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Which significant deposits in a foreign bank

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Reference no: EM132745971

Problem 1: Significant deposits in a foreign bank which are subject to FOREX restriction should be classified as:

a. part of cash and cash equivalents with appropriate disclosure

b. non trade receivables with appropriate disclosure

c. held to maturity securities with appropriate disclosure

d. part of noncurrent assets with appropriate disclosure

Problem 2: A bank reconciliation is used to help provide

a. cash for future operations

b. an analysis of the transactions involving marketable securities during the period

c. information to determine the bank service charge for the period

d. the correct cash balance at the end of the period

Reference no: EM132745971

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