Cash and Cash Equivalents 1. $10,000 of government Treasury bills purchased 10 days prior to their maturity. 2. $50,000 of government Treasury bills purchased to satisfy a legal requirement to set aside funds for a landfill clean-up. 3. $10,000 of cash owed by customers on sales made within 20 days of year-end. 4. $1.000 of cash in the petty cash custodian's locked cash box.
Cash and Cash Equivalents 1. $10,000 of government Treasury bills purchased 10 days prior to their maturity. 2. $50,000 of government Treasury bills purchased to satisfy a legal requirement to set aside funds for a landfill clean-up. 3. $10,000 of cash owed by customers on sales made within 20 days of year-end. 4. $1.000 of cash in the petty cash custodian's locked cash box.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Select (Yes or No) whether each of the following is properly included in Cash and Cash Equivalents.
Cash and Cash Equivalents
1. $10,000 of government Treasury bills purchased 10 days prior to their maturity.
2. $50,000 of government Treasury bills purchased to satisfy a legal requirement to
set aside funds for a landfill clean-up.
3. $10,000 of cash owed by customers on sales made within 20 days of year-end.
4. $1,000 of cash in the petty cash custodian's locked cash box.
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