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Rzqust [24]
3 years ago
12

The following information is available for Birch Company at December 31: Cash in registers $ 2,910 Investment maturing in 9 year

s $ 16,200 Accounts receivable $ 1,775 Cash in bank account $ 23,631 Accounts payable $ 770 Cash in petty cash fund $ 320 Inventory of postage stamps $ 30 U.S. Treasury bill maturing in 15 days $ 11,200 Based on this information, Birch Company should report Cash and Cash Equivalents on December 31 of:
Business
1 answer:
yan [13]3 years ago
3 0

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.

<em>Find out more at brainly.com/question/9505730.</em>

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You're considering an investment that you expect will produce an 8% return next year, and you expect that your real rate of retu
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Answer:

Explanation:

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7 0
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Lending money and collecting the loans are A. operating activities. B. investing activities. C. Non-cash investing and financing
Ne4ueva [31]

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Here, the company has lend some money in the form of loan and then it collects the loan, therefore it is investing activity.

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Answer:

See below

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Which part of the purchasing process includes the sum of money due in
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Explanation:

it is a document given by the supplier,which contains

information on the quality,PRICE of goods sold

also date

well this is what ik,so hope it helps ig

3 0
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