Multiple Choice
Valiant Inc.reported the following amounts: Cash in Bank-chequing account of $18,500, Cash on hand of $500, Postdated cheques received totalling $3,500, and certificates of deposit totalling $124,000.How much should be reported as cash in the balance sheet?
A) $ 18,500.
B) $ 19,000.
C) $ 22,500.
D) $136,500.
Correct Answer:
Verified
Correct Answer:
Verified
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