Donovan Company had the following cash balances at December 31,2014:

Cash in banks includes $125,000 of compensating balances against short-term borrowing arrangements at December 31,2014.The compensating balances are legally restricted as to withdrawal by Donovan.In the current asset section of Donovan's December 31,2014,balance sheet,what total amount should be reported as Cash?

Question

Donovan Company had the following cash balances at December 31,2014:

Cash in banks includes $125,000 of compensating balances against short-term borrowing arrangements at December 31,2014.The compensating balances are legally restricted as to withdrawal by Donovan.In the current asset section of Donovan's December 31,2014,balance sheet,what total amount should be reported as Cash?

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The Answer of Donovan Company had the following cash balances at December 31,2014:

Cash in banks includes $125,000 of compensating balances against short-term borrowing arrangements at December 31,2014.The compensating balances are legally restricted as to withdrawal by Donovan.In the current asset section of Donovan's December 31,2014,balance sheet,what total amount should be reported as Cash?

Donovan Company Had the Following Cash Balances at December 31,2014