Young Enterprises has an overdraft at one of its banks, Bank of Cleveland. Young has...
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Young Enterprises has an overdraft at one of its banks, Bank of Cleveland. Young has no other accounts at Bank of Cleveland. Under US GAAP, Young should report the bank overdraft as an offset against cash held at other banks. True False 
Young Enterprises has an overdraft at one of its banks, Bank of Cleveland. Young has no other accounts at Bank of Cleveland. Under US GAAP, Young should report the bank overdraft as an offset against cash held at other banks.
True
False
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