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Albert Company's Accountant Considered the Following Items: Cash in a Checking

Question 113

Multiple Choice

Albert Company's accountant considered the following items: cash in a checking account, $1,400; cash in a time deposit account, $450; cash pledged as collateral, $250. How much should appear as Cash on the balance sheet?


A) $1,200
B) $1,650
C) $1,850
D) $2,100

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