Business, 27.11.2019 03:31 vannah94

Burr company had the following account balances at december 31, year 2: cash in banks $2,250,000 cash on hand 125,000 cash legally restricted for additions to plant (expected to be disbursed in year 3) 1,600,000 cash in banks includes $600,000 of compensating balances against short-term borrowing arrangements. the compensating balances are not legally restricted as to withdrawal by burr. in the current assets section of burr's december 31, year 2, balance sheet, total cash should be reported at

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Burr company had the following account balances at december 31, year 2: cash in banks $2,250,000 ca...

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