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Which means that the check has been merely drawn

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Reference no: EM133008288

Problem 1: A compensating balance

a. Must be included in cash and cash equivalent

b. Which is legally restricted and related to a long-term loan is classified as current asset

c. Which is legally restricted and related to a short-term loan is classified separately as current asset

d. Which is not legally restricted as to withdrawal is classified separately as current asset

Problem 2: Which means "that the check has been merely drawn and recorded but not given to the payee at the end of the reporting period"?

a. Undelivered check

b. Postdated check delivered

c. Stale check

d. Outstanding check

Reference no: EM133008288

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