Solved: Whether cash be classified as a current asset, Accounting Basics

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Whether cash be classified as a current asset

Question:

FM Company has cash that has been frozen in a bank in Cuba. Should this cash be classified as a current asset? Discuss.

Kimbal Company has invested funds in a supplier to help ensure a steady supply of needed materials. Would this investment be classified as a marketable security (current asset)?

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Accounting Basics: Whether cash be classified as a current asset

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Accounting Basics: Whether cash be classified as a current asset

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