Kraft enterprise owns the following assets at december 31, Accounting Basics

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Kraft enterprise owns the following assets at december 31

Problem

Kraft Enterprise owns the following assets at December 31, 2014

Cash in bank - savings 68,000 Checking account balance 17,000

Cash on Hand 9,300 Postdated Checks 750

Cash refund due from IRS 31,400 Certificate of Deposit (180-day) 90,000

What amount should be reported as cash?

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Accounting Basics: Kraft enterprise owns the following assets at december 31

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Accounting Basics: Kraft enterprise owns the following assets at december 31

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