Wimbledon Company provided the following information regarding the mmposition of its cash account on December 31, 2020: Checking account- BPI Sevings account- BPI Cast on hand el advances of employee to be paid through salary deduction Separate cash fund, restricted for the retirement of long-term P1,200,000 1,500,000 10,000 120,000 1,000,000 Savings account includes P200,000 holdout against short-term borrowing angements. In the current assets section of Wimbledon Co.'s December 31, 2019 t of financial position, how much should be reported as cash?
Wimbledon Company provided the following information regarding the mmposition of its cash account on December 31, 2020: Checking account- BPI Sevings account- BPI Cast on hand el advances of employee to be paid through salary deduction Separate cash fund, restricted for the retirement of long-term P1,200,000 1,500,000 10,000 120,000 1,000,000 Savings account includes P200,000 holdout against short-term borrowing angements. In the current assets section of Wimbledon Co.'s December 31, 2019 t of financial position, how much should be reported as cash?
Chapter1: Financial Statements And Business Decisions
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