Current Attempt in Progress If cash is restricted as to its use- and i.docx

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Current Attempt in Progress If cash is restricted as to its use, and is expected to be used within the nect year, how is it reported? Included in the Cash and Cash Equivalents line on the balance sheet Reported as a current liability on the balance sheet Reported as a noncurrent asset on the balance sheet Reported as a current asset separate from Cash and Cash Equivalents on the balance sheet .

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Cullumber Ltd. had the following share transactions during its first year of operations: Jan 6: Issued 248.000 common shares for $1.50 per share. Jan 12: Issued 62,000 common shares for $1.75 per share. Mar 17: July 17 Issued 1,200 preferred shares for $105 per share. July 18: Issued 1.240.000 common shares for $2 per share Nov 17: Reacquired 248,000 common shares for $1.95 per share. December 30: Reacquired 186,000 common shares for $1.80 per share. Journalize the transactions: .

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