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Which should not be included in cash in the current year-end

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Reference no: EM133009801

Problem 1: At the end of the current year, an entity had various checks and papers in the safe. Which of the following should not be included in "cash" in the current year-end statement of financial position?

a. US $20,000 cash.
b. Past due promissory note issued in favor of the entity by the President.
c. The entity's undelivered check payable to a supplier dated December 31 of the current year.
d. Another entity's P150,000 check payable to the entity dated December 15 of the current year.

Reference no: EM133009801

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