Matching
Classify each into one of the balance sheet categories
Premises:
Savings account
Sinking Fund
Checking account
Postage stamps
Treasury bills maturing in six months
Foreign Currencies on deposit in foreign banks
Certificate of deposit maturing in five years
Common stock of another company (to be sold by December 31, this year) Compensating balances held in long-term
borrowing arrangements
Travel Advances
Responses:
Cash
Receivables
Short-term Investments
Other
Correct Answer:
Premises:
Responses:
Savings account
Sinking Fund
Checking account
Postage stamps
Treasury bills maturing in six months
Foreign Currencies on deposit in foreign banks
Certificate of deposit maturing in five years
Common stock of another company (to be sold by December 31, this year) Compensating balances held in long-term
borrowing arrangements
Travel Advances
Premises:
Savings account
Sinking Fund
Checking account
Postage stamps
Treasury bills maturing in six months
Foreign Currencies on deposit in foreign banks
Certificate of deposit maturing in five years
Common stock of another company (to be sold by December 31, this year) Compensating balances held in long-term
borrowing arrangements
Travel Advances
Responses:
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