Business, 26.11.2019 03:31 mama9297

The following are held by smite co.:
cash in checking account
$20,000
cash in bond sinking fund account
30,000
post-dated check from customer dated
one month from balance sheet date
250
petty cash
200
commercial paper (matures in two months)
7,000
certificate of deposit (matures in six months)
5,000
what amount should be reported as cash and cash equivalents on smite’s balance sheet?
a. $57,200
b. $32,200
c. $27,200
d. $27,450

Answers: 3

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The following are held by smite co.:
cash in checking account
$20,000
cash in bon...

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