Lori's Company Has the Following Items: Cash in a Checking

Multiple Choice

Lori's Company has the following items: cash in a checking account,$1,000; cash in a savings account,$4,000; high-grade government securities due in one month,$3,586; accounts receivable,$3,000; cash in a compensating balance agreement,$3,200.How much should appear as Cash and Cash Equivalents on the balance sheet?

A) $4,000
B) $8,586
C) $11,558
D) $11,786