y might sell its receivables to another company.
5. XYZ Enterprises owns the following assets at December 31, 2015.
Cash in bank—savings account €68,000
Checking account balance €17,000
Cash on hand 9,300
Postdated checks 750
Tax refund due 31,400
Certificates of deposit (180-day) 90,000
What amount should be reported as cash?