Question: The controller for Weinstein Co. is attempting to determine the amount of cash to be reported on its December 31, 2012, balance sheet. What would

The controller for Weinstein Co. is attempting to determine the amount of cash to be reported on its December 31, 2012, balance sheet. What would you classify (Weinstein has purchased $2,100,000 of commercial paper of Sergio Leone Co. which is due in 60 days.)? Choices: (Receivables-employee, Cash, Described in the notes, Receivable, non-current asset, or Accounts Receivable)

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