Business, 20.11.2021 07:40 alinegonzalez0027

When a company has cash available in another account in the same bank at which an overdraft has occurred, the company will: a. offset the overdraft against cash account. b. report the same in the notes to financial statement. c. report the bank overdraft amount as account payable. d. classify the bank overdraft as compensating balance.

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When a company has cash available in another account in the same bank at which an overdraft has occu...