Exam 2: Ch 6 Cash and Receivables Review Flashcards
1
Q
cash
A
coins and currency
2
Q
cash equivalent
A
US Treasury (gov) bonds
3
Q
current asset
A
certificate of deposit (matures in 5 months)
4
Q
cash
A
cash in a bank that is in receivership
5
Q
current asset
A
NSF check (returned with bank statement)
6
Q
cash
A
deposit in foreign bank (exchangeability limited)
7
Q
receivables
A
postdated checks
8
Q
non-current asset
A
cash to be used for retirement of long-term bonds
9
Q
cash
A
deposits in transit
10
Q
current asset/ short-term investment
A
100 shares of HP stock (intention is to sell in one year or less)
11
Q
cash
A
savings and checking account
12
Q
cash
A
petty cash
13
Q
prepaid expense
A
stamps
14
Q
receivable
A
travel advances
