Business, 04.08.2020 21:01, kajjumiaialome

Indicate whether each of the following statements is true or false. a. A company has the following assets at the end of the year: cash on hand $40,000, cash refund due from customer $30,000, and checking account balance $22,000. Cash and cash equivalents is therefore $62,000.b. A company that has received NSF checks should report these checks as a current liability on the balance sheet. c. Restricted cash that is a current asset is reported as part of cash and cash equivalents. d. A company has cash in the bank of $50,000, petty cash of $400, and stock investments of $100,000. Total cash and cash equivalents is therefore $50,400.

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Indicate whether each of the following statements is true or false. a. A company has the following a...