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Summary QuestionWhich of the following would not be included with cash and cash equivalents on $7.99
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Summary QuestionWhich of the following would not be included with cash and cash equivalents on

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Which of the following would not be included with cash and cash equivalents on the balance sheetQuestionWhich of the following would not be included with cash and cash equivalents on the balance sheet? a. Unrestricted funds on deposit b. Checks . Sinking funds d. Undeposited credit card sales...

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  • October 13, 2024
  • 3
  • 2024/2025
  • Summary

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  • which of the following would not be included with
  • lets analyze each option1unrestricted funds on

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Question


Which of the following would not be included with cash and cash equivalents

on the balance sheet? a. Unrestricted funds on deposit b. Checks . Sinking funds

d. Undeposited credit card sales receipts Which of the following would not be

classified as a trade receivable a . Customer accounts receivable for the sale of

merchandise on account b Short-term customer note receivable in exchange for

merchandise Accrued interest on investments d Obligations arising from

customers for services rendered




Answer & Explanation


To determine which items would not be included with cash and cash equivalents

on the balance sheet, let's analyze each option:


1. Unrestricted funds on deposit: These are typically considered part of

cash and cash equivalents as they are readily available for use.


2. Checks: Checks that have been received but not yet deposited are

generally considered part of cash and cash equivalents.

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