Which of the following is not considered cash for financial reporting purposes? a. Petty cash and exchange fund b. Money orders, certified checks and personal checks c. Available currencies, dollars and funds d. Future-dated checks
Which of the following is not considered cash for financial reporting purposes? a. Petty cash and exchange fund b. Money orders, certified checks and personal checks c. Available currencies, dollars and funds d. Future-dated checks
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments
Section: Chapter Questions
Problem 16CYBK
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Question
4. Which of the following is not considered cash for financial reporting purposes?
a. Petty cash and exchange fund
b. Money orders, certified checks and personal checks
c. Available currencies, dollars and funds
d. Future-dated checks
5. Which of the following is considered effective?
a. Certificates of Deposit
b.
c. Money Market Savings Certificates
d. Future-dated checks
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