Multiple Choice
The company has $10,000 in its checking account,$20,000 in its savings account,$1,000 in petty cash,$25,000 in one-year Treasury bills,and $15,000 in a money market fund.What amount should be reported as cash and cash equivalents on the balance sheet?
A) $30,000
B) $31,000
C) $46,000
D) $71,000
Correct Answer:
Verified
Correct Answer:
Verified
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