S2000U to record the sale a does the transaction prepared with the ar flows a me
ID: 2505245 • Letter: S
Question
S2000U to record the sale a does the transaction prepared with the ar flows a method? indirect 3 Cash Equivalents Lo its excess in the 13. has invested 2011 following instruments during December $100 Jan. 31, 2012 of deposit, May 31, 2012 Certificate deposit, due bonds, Certificate of Portland Investment in City of 11000, due 30, 2012 Inc., stock Investment in Sheetz, 125.000 A money market fund 22500 1250M 90-day Treasury bills Treasury note, due December 2012 200,00 Required A What should be included in cash equivalents at year-end 2011? B. Where should the amount of cash equivalents be disclosed? PROBLEMS 14. Adjustments to Income via the Indir Method: Operating ActivitesExplanation / Answer
Statement showing Cash & Cash Equivalents:-
PArticulars
Amount($)
Certificate of deposit , due Jan.31,2012
Not an cash equivalent
Certificate of deposit , due May.31,2012
Not an cash equivalent
Investment in City of Portland bonds , due June 30,2012
Not an cash equivalent
Investment in Sheetz ,Inc. stock
Not an cash equivalent
A money market fund
225000
90-Days Treasury bills
125000
Tresaury note, due December 2012
Not an cash equivalent
Total Cash & Cash Equivalents as on Dec,31, 2011
350000
B] Cash Equivalents should be shown under the head CURRENT ASSETS
Statement showing Cash & Cash Equivalents:-
PArticulars
Amount($)
Certificate of deposit , due Jan.31,2012
Not an cash equivalent
Certificate of deposit , due May.31,2012
Not an cash equivalent
Investment in City of Portland bonds , due June 30,2012
Not an cash equivalent
Investment in Sheetz ,Inc. stock
Not an cash equivalent
A money market fund
225000
90-Days Treasury bills
125000
Tresaury note, due December 2012
Not an cash equivalent
Total Cash & Cash Equivalents as on Dec,31, 2011
350000
B] Cash Equivalents should be shown under the head CURRENT ASSETS
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