The following information is available for Birch Company at December 31:
Money market fund balance $2,790
Certificate of deposit maturing June 30 of next year $10,000
Postdated checks from customers $1,475
Cash in bank account $21,430
NSF checks from customers returned by bank $650
Cash in petty cash fund $200
Inventory of postage stamps $24
U. S. Treasury bill purchased on December 15
and maturing on February 28 of following year $5,000
Based on this information, Birch Company should report Cash and Cash Equivalents on December 31 of:
a. $29,420
b. $41,345
c. $31,345
d. $39,420
e. $38,770
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The following information is available for Birch Company at December 31: Money market fund balance $2,790 Certificate of deposit maturing ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A summary of expected costs for a range of activity levels that is geared to changes in the level of productive output is the definition of a
Answers (1)
Which of the following is an assumption of a special order decision? Group of answer choices The special order sales will not affect the production and sale of units sold through regular channels.
Answers (1)
Logan Sales provides the following information: Net credit sales: $790,000 Beginning net accounts receivable: $43,000 Ending net accounts receivable: $22,000 Calculate the accounts receivable turnover ratio.
Answers (1)
Identify specific products which have above average usage for african american
Answers (1)
Morin company's bonds mature in 8 years, have a par value of $1,000, and make an annual coupon interest payment of $65. the market requires an interest rate of 8.2% on these bonds. what is the bond's price?
Answers (1)
New Questions in Business
Mike inherited some antiques. Pat agrees to buy them. In the contract, Mike and Pat agree to value the antiques at whatever the Sotheby's representative says. It is much higher than either of them anticipated. What is the outcome?
Answers (1)
Among the various kinds visual aids, tables are what?
Answers (1)
Tp-22 what test can be performed to detect a leak after fueling a gasoline-powered boat?
Answers (1)
Before any serious discussion of purchasing a business occurs a _ should be conducted
Answers (1)
A Security Classification Guide (SCG) is:
Answers (1)