The following information is available for Fenton Manufacturing Company at June 30: Cash in bank account$11,455 Inventory of postage stamps$74 Money market fund balance$10,400 Petty cash balance$350 NSF checks from customers returned by bank$867 Postdated checks received from customers$791 Money orders$290 A nine-month certificate of deposit maturing on December 31 of current year$6,000 Based on this information, Fenton Manufacturing Company should report Cash and Cash Equivalents on June 30 of:
A. $22,495
B. $28,495
C. $23,286
D. $12,095
E. $29,286
Answer: A
You might also like to view...
The term "marketing" is synonymous with the term "advertising."
Indicate whether the statement is true or false
Title insurance protects against the exceptions listed
Indicate whether the statement is true or false
Why might an organization choose a divisional structure?
A. to facilitate specialization of skills and knowledge throughout the production process B. to create smaller, more manageable units within the organization C. to permanently assign employees to cross-functional teams D. to enhance feedback processes by establishing dual reporting relationships E. to group people and resources by function and product simultaneously
Since the 1980s the use of pattern bargaining has:
A. Decreased. B. Remained stable. C. Become obsolete. D. Increased.