Читать книгу Wiley GAAP: Financial Statement Disclosure Manual - Joanne M. Flood - Страница 87

Cash and cash equivalents consist of cash on hand and other highly liquid investments that are unrestricted as to withdrawal or use, and which have an original maturity of three months or less when purchased. The Company maintains cash and cash equivalents with various financial institutions in the United States. As of June 30, 2018, and 2017, a cash balance of $84,865 and $46,279, respectively, was maintained at U.S. financial institutions and were insured by the Federal Deposit Insurance Corporation or other programs subject to certain limitations.