AA Company had the following items in its Cash equivalents account as of December 31, 2022: Money
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Question:
AA Company had the following items in its “Cash equivalents” account as of December 31, 2022:
Money market fund due in 3 months acquired 1 month ago | P250,000 |
Investment in equity designated in OCI – expected to disposed in 3 months | 500,000 |
Time deposit – 2 months maturity, acquired on 12/1/2022 | 600,000 |
Treasury bills – due in 3 months from date of acquisition (12/30/2022) | 350,000 |
Redeemable preference shares – purchased on 11/30/2022 due on 3/31/2023 | 300,000 |
What is the correct balance of cash and cash equivalents as of December 31, 2022?
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