Parker Inc- has the following cash balances-Solution1- under GAAP- Cur.docx

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Parker Inc. has the following cash balances: Solution 1. under GAAP: Current assets: Cash First bank $130,000 Third bank $23,000 Total cash balance $153,000 Current liabilities: Bank overdraft Second bank $14,000 Fourth bank $7,000 Total bank overdraft $21,000 2. under IFRS: Current assets: Cash First bank $130,000 Second bank ($14,000) Third bank $23,000 Fourth bank ($7,000) Total cash balance $132,000 Current liabilities None .

Educação

Current assets: Cash
First bank
$130,000
Second bank
($14,000)
Third bank
$23,000
Fourth bank
($7,000)
Total cash balance
$132,000
Current liabilities
None
Current assets: Cash
First bank $130,000
Third bank $23,000
Total cash balance $153,000
Current liabilities: Bank overdraft
Second bank $14,000
Fourth bank $7,000
Total bank overdraft $21,000

Parker Inc- has the following cash balances-Solution1- under GAAP- Cur.docx

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