Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. as of december 31, 2020 question 69 using the fol

As of December 31, 2020 Question 69 Using the following information compute the cash...

60.1K

Verified Solution

Question

Accounting

image

As of December 31, 2020

Question 69 Using the following information compute the cash equivalent to be reported by the con Decembe 31,2020. Cash on Hand 80,000.00 Checking Account BP 200,000.00 Cheking Account-BPI (30,000) Securities Date Acquired Maturity Date Amount 120-day Certificate of Deposit 12/10/2020 01/31/2021 500,000.00 BSP Treasury Bills (No. 1) 11/30/2020 04/30/2016 5,000,000.00 BSP Treasury Bill (No. 2) 10/31/2020 01/20/2021 1,000,000.00 12/01/2020 06/20/2020 180-Days Commercial Paper 1.400,000.00 02/10/2021 2,000,000.00 Money Market Funds 11/21/2020 Compute the correct amount of Cash equivalents to be reported in the statement of financial position as of Oa O 3,600,000 8,600,000 10,000,000 3,000,000 Od Question 69 Using the following information compute the cash equivalent to be reported by the con Decembe 31,2020. Cash on Hand 80,000.00 Checking Account BP 200,000.00 Cheking Account-BPI (30,000) Securities Date Acquired Maturity Date Amount 120-day Certificate of Deposit 12/10/2020 01/31/2021 500,000.00 BSP Treasury Bills (No. 1) 11/30/2020 04/30/2016 5,000,000.00 BSP Treasury Bill (No. 2) 10/31/2020 01/20/2021 1,000,000.00 12/01/2020 06/20/2020 180-Days Commercial Paper 1.400,000.00 02/10/2021 2,000,000.00 Money Market Funds 11/21/2020 Compute the correct amount of Cash equivalents to be reported in the statement of financial position as of Oa O 3,600,000 8,600,000 10,000,000 3,000,000 Od

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students