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Which bank overdrafts held at a different bank

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Reference no: EM132707586

Problem 1: On the balance sheet, bank overdrafts held at a different bank from the company's main chequing account should:

Group of answer choices

Option 1: be netted against cash and a net cash amount reported.

Option 2: be reported as restricted cash.

Option 3: be reported as a current liability.

Option 4: be reported as a cash equivalent.

Reference no: EM132707586

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