Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 7 - Cash and Receivables - Questions - Page 4004: 2f

Answer

Other assets (not expendable) or cash (if expendable)

Work Step by Step

If the cash deposited in the other country is not expendable, it will be classified as other asses. However, if expendable in purchasing goods or service, it will be classified as cash.
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