Assume the following data of Dianne Corporation of its cash and short-term highly liquid investments for December 31,2016:

Cash 80,000

Checking account No. 143-BPI 200,000

Checking account No. 155-BPI (30,000)

Securities Date acquired Maturity Date Amount

120-day Certificate of Deposit 12/10/2016 01/31/2017 600,000

BSP-Treasury Bills (No.1) 11/30/2016 04/30/2017 5,000,000

BSP-Treasury Bills (No.2) 10/31/2016 01/20/2017 1,000,000

180 days Commercial Paper 12/01/2016 06/20/2017 1,400,000

Money Market Funds 11/21/2016 02/10/2017 2,000,000

The correct cash and cash equivalents balance on December 31, 2016 is?

Answer rating: 100% (QA)

Answer To calculate the correct cash and cash equivalents balance on December 31 2016 we need to a... View the full answer