Albert Company's accountant considered the following items: cash in a checking account, $1,400; cash in a time deposit account, $450; cash pledged as collateral, $250. How much should appear as Cash on the balance sheet?
A)$1,200
B)$1,650
C)$1,850
D)$2,100

Question

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The Answer of Albert Company's accountant considered the following items: cash in a checking account, $1,400; cash in a time deposit account, $450; cash pledged as collateral, $250. How much should appear as Cash on the balance sheet?
A)$1,200
B)$1,650
C)$1,850
D)$2,100

Albert Company's Accountant Considered the Following Items: Cash in a Checking