أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
Cash in banks $2,250,000
Cash on hand 125,000
Cash legally restricted for additions
to plant (expected to be disbursed in
year3) 1,600,000
Cash in banks includes $600,000 of compensating balances
against short-term borrowing arrangements. The compensating
balances are not legally restricted as to withdrawal by
Mena . In the current assets section of Mena’s December31, year
2 balance sheet, total cash should be reported at
a. $1,775,000
b. $2,250,000
c. $2,375,000
d. $3,975,000
c. $2,375,000<<<<<<<<<>>>>>>>>>>>>
Answer C is correct, Total Cash will be shown as Current Assets, where as the outstanding for Bank Borrowings can be shown in Current Liabilities side.
c. $2,375,000...........................................
appropriate ans is $2,375,000
Option A because Rs.600,000 are still payable, even though not legally restricted and so should be shown as current liabilities.
December31 year2 mena's total Current balance should be7,75,000
هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟
