A company has the following current assets: Cash, $10,000 Commercial paper, $5,000 Treasury bills,
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Question:
A company has the following current assets:
· Cash, $10,000
· Commercial paper, $5,000
· Treasury bills, $4,000
· Accounts receivable, $10,000
· Inventory, $20,000
What is the total amount of cash and cash equivalents?
a. $10,000
b. $14,000
c. $15,000
d. $19,000
Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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