Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 7 - Cash and Receivables - Review and Practice - Using Your Judgment - Financial Statement Analysis Case: Case 1 - Page 380: a

Answer

Drafts issued by banks, money orders, checks written by individuals, checks that are certified, savings accounts, and checks issued by cashiers are regarded as cash. Besides, money deposited in bank accounts (which is available to the depositors) is categorized as cash.

Work Step by Step

Drafts issued by banks, money orders, checks written by individuals, checks that are certified, savings accounts, and checks issued by cashiers are regarded as cash. Besides, money deposited in bank accounts (which is available to the depositors) is categorized as cash.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.

GradeSaver will pay $15 for your literature essays
GradeSaver will pay $25 for your college application essays
GradeSaver will pay $50 for your graduate school essays – Law, Business, or Medical
GradeSaver will pay $10 for your Community Note contributions
GradeSaver will pay $500 for your Textbook Answer contributions