Please explain cash and cash equivalents and how to report them.
Please explain cash and cash equivalents and how to report them.
Homework Answers
Cash and cash equivalents are the most liquid assets in the balance sheet. It includes coin, currency, or other monetary items which can be exchanged for goods, services. Cash equivalents are short term investment that is mature in 30 to 90 days and can be easily converted into cash.
Cash and cash equivalents are reported in the balance sheet under the current assets.
Example of cash: Petty cash, currency and coins, cash in bank
Example of cash equivalents: Marketable securities, commercial paper
Using the following information determine the amount that Pearson will report as Cash and Cash Equivalents...
Using the following information determine the amount that Pearson will report as Cash and Cash Equivalents on the Balance Sheet at the end of December. Item Amount Cash is checking account $10,000 Petty cash 580 Postage Stamps 654 Check from customer dated Jan 20, next year 321 3-month certificate of deposit 35,000 12- month certificate of deposit 35,000 Check from customer dated Dec 15, this year 175 Undeposited Cashier’s Checks from customer 729 IOU from customer 500 6-month U.S. Treasury...
Read the financial statement footnote of Microsoft corporation that describes cash and cash equivalents. What do...
Read the financial statement footnote of Microsoft corporation that describes cash and cash equivalents. What do you think they represent? Where does most of the cash come from? Compute the receivables turnover rate and days in receivables of Microsoft corporation. What does that indicate to you about the company’s ability to collect receivables? How does it account for uncollectible? How do you know? What types of inventory does microsoft corporation hold: raw materials, work in process, finished goods…. Please provide...
If two cipher text are given, how to XOR them. Please explain with an example.
If two cipher text are given, how to XOR them. Please explain with an example.
Cash and cash equivalents balance, December 31, 2016 Cash and cash equivalents balance, December 31, 2017...
Cash and cash equivalents balance, December 31, 2016 Cash and cash equivalents balance, December 31, 2017 Cash received as interest Cash paid for salaries Bonds payable retired by issuing common stock (no gain or loss on retirement) Cash paid to retire long-term notes payable Cash received from sale of equipment Cash received in exchange for six-month note payable Land purchased by issuing long-term note payable Cash paid for store equipment Cash dividends paid Cash paid for other expenses Cash received...
Please Explain! Is there a difference in how companies report impairment losses on equity investments under...
Please Explain! Is there a difference in how companies report impairment losses on equity investments under U.S. GAAP and IFRS? Support the response.
Read the financial statement footnote of Microsoft corporation that describes cash and cash equivalents. What do...
Read the financial statement footnote of Microsoft corporation that describes cash and cash equivalents. What do you think they represent? Where does most of the cash come from? (please type it)
Was there a net increase or decrease in cash and cash equivalents for 2018? ____________ What...
Was there a net increase or decrease
in cash and cash equivalents for 2018? ____________
What was the amount?
____________ (remember the statement is in millions)
Apple Inc. TED STATEMENTS OF CASH FLOWS (In millions) Years endod September 29, 2018 September 30, 2017 September 24, 2016 Cash and cash equivalents, beginning of the year 21.120 Adjustments to reconcile net income to cash generated by operating activities: Deterred income tax expense/(benefit) (32,590) Changes in operating assets and liabilities Other current and...
Please show all steps and include how to determine the equivalents needed The final step in...
Please show all steps and include how to
determine the equivalents needed
The final step in the synthesis of naproxen (the active ingredient in the commercial painkiller Aleve) involves a Williamson ether synthesis. Propose a mechanism for the transformation shown below. Include all charges and intermediates and stoichiometric equivalents of each of the reagents used (i.e. 1 equivalent, 2 equivalents, excess, etc...). [3 Marks] OH DY" – 6607 naproxen
Instead of “cash,” the company’s balance sheet uses the account name “Cash and cash equivalents.” How...
Instead of “cash,” the company’s balance sheet uses the account
name “Cash and cash equivalents.” How does the company define cash
equivalents?
The annual report has two reports in which management is
clearly identified as having for the company’s financial reporting
and internal controls. What are the names of these reports and on
what pages are they located?
For the Fiscal Year 2017 2016 As Adjusted As Adjusted 71,786 $ 69,414 $ 72,714 70,271 2014 2018 74,433 $ 75,356 $...
1. Which of the following is not included in Cash and cash equivalents? ...
1. Which of the following is not included in Cash and cash equivalents? a. Coins b. short-term treasury bills c. commercial paper d. Compensating balance
Cash and cash equivalents balance, December 31, 2016 Cash and cash equivalents balance, December 31, 2017 Cash received as interest Cash paid for salaries Bonds payable retired by issuing common stock (no gain or loss on retirement) Cash paid to retire long-term notes payable Cash received from sale of equipment Cash received in exchange for six-month note payable Land purchased by issuing long-term note payable Cash paid for store equipment Cash dividends paid Cash paid for other expenses Cash received...
Was there a net increase or decrease
in cash and cash equivalents for 2018? ____________
What was the amount?
____________ (remember the statement is in millions)
Apple Inc. TED STATEMENTS OF CASH FLOWS (In millions) Years endod September 29, 2018 September 30, 2017 September 24, 2016 Cash and cash equivalents, beginning of the year 21.120 Adjustments to reconcile net income to cash generated by operating activities: Deterred income tax expense/(benefit) (32,590) Changes in operating assets and liabilities Other current and...
Please show all steps and include how to
determine the equivalents needed
The final step in the synthesis of naproxen (the active ingredient in the commercial painkiller Aleve) involves a Williamson ether synthesis. Propose a mechanism for the transformation shown below. Include all charges and intermediates and stoichiometric equivalents of each of the reagents used (i.e. 1 equivalent, 2 equivalents, excess, etc...). [3 Marks] OH DY" – 6607 naproxen
Instead of “cash,” the company’s balance sheet uses the account
name “Cash and cash equivalents.” How does the company define cash
equivalents?
The annual report has two reports in which management is
clearly identified as having for the company’s financial reporting
and internal controls. What are the names of these reports and on
what pages are they located?
For the Fiscal Year 2017 2016 As Adjusted As Adjusted 71,786 $ 69,414 $ 72,714 70,271 2014 2018 74,433 $ 75,356 $...
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