Cash Reporting}

Brown Industries has the following items:

\section*{Required:}
How much should Brown report as cash and equivalents on its statement of financial position?
\section*{Exercise

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Currency Customer cheques that have not been deposited Cash in saving and chequing accounts Certificates of deposits that mature in 18 months Canadian federal government bonds that mature in 2 months Canadian federal government bonds that mature in 12 months $15,500 675 35,000 44,000 8,000 10,000