Based on the various account balances that Birch Company has, they should report a total of<u> $38,061 </u>for Cash and Cash equivalents.
Cash and Cash Equivalents are the actual cash that a company holds as well as those that can readily be converted to cash.
They include:
- Actual cash
- Cash in bank
- Cash in petty cash
- U.S. Treasury bills
- Money market funds
The total of cash and cash equivalent here are:
<em>= Cash in registers + Cash in bank + Cash in petty cash + U.S. Treasury bills</em>
= 2,910 + 23,631 + 320 + 11,200
= $38,061
In conclusion, Birch Company has Cash and Cash Equivalents of $38,061.
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Answer:
The statement is: True.
Explanation:
Compelling-state-interest-test balances the government's interest against an individual's right to be free of law. The test is part of the strict scrutiny analysis and is used as a precedent for future similar cases when the government legitimate interest is at risk.
Human communication- a process in which people generate meaning through the exchange of verbal and nonverbal messages