Multiple Choice
Lori's Company has the following items: cash in a checking account,$7,000;cash in a savings account,$10,000;high-grade government securities due in one month (purchased last month) ,$3,586;accounts receivable,$3,000.How much should appear as Cash and Cash Equivalents on the balance sheet?
A) $10,000
B) $20,586
C) $23,586
D) $23,786
Correct Answer:
Verified
Correct Answer:
Verified
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