Business, 15.04.2020 16:13 Jackie2088
A company has the following items at year end: cash on hand, $1,000; cash in a checking account, $3,000; cash in a savings account, $5,000; postage stamps, $50; and Treasury bills, $10,000 that mature in less than 90 days. How much should the company report as cash and cash equivalents on its balance sheet?
a. $9,000
b. $19,050
c. $9,050
d. $19,000
Answers: 3
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A company has the following items at year end: cash on hand, $1,000; cash in a checking account, $3,...
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