Solution-What amount should be reported as cash and cash

What amount should be reported as cash and cash equivalents

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Reference no: EM132483118

Question - At December 31, 20x3, Davie Co. had the following balances in the accounts it maintains at XYZ Bank:

Checking account #101 175,000

Checking account #201 (10,000)

Money Market Account 25,000

90-day Certificate of deposit, due 2/28/x4 50,000

180-day certificate of deposit, due 3/15/x4 80,000

Required - What amount should be reported as cash and cash equivalents?

Reference no: EM132483118

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What amount should be reported as cash and cash equivalents

Reference no: EM132483118

Reference no: EM132483118

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