Examplestreasurybillscommercialpaperandmoneymarketfund

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Unformatted text preview: sent insignificant risk of changes in interest rates. Examples: Treasury bills, Commercial paper, and Money market funds. Chapter 7-5 LO 2 Indicate how to report cash and related items. Reporting Cash Reporting Cash Restricted Cash Companies segregate restricted cash from “regular” cash for reporting purposes. Examples, restricted for: (1) plant expansion, (2) retirement of long­term debt, and (3) compensating balances (e.g., minimum balances). Illustration 7-1 Chapter 7-6 LO 2 Indicate how to report cash and related items. Reporting Cash Reporting Cash Bank Overdrafts When a company writes a check for more than the amount in its cash account (“negative” cash).. Generally reported as a current liability. Offset against cash ONLY when available cash is present in another account in the same bank. Chapter 7-7 LO 2 Indicate how to report cash and related items. Summary of Cash-Related Items Summary of Cash-Related Items Very nice summary of first 6 pages of the chapter Chapter 7-8 Illustration 7-2 LO 2 Indicate how to report cas...
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This note was uploaded on 01/29/2013 for the course ACC 223 taught by Professor Staff during the Fall '12 term at Niagara University.

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