REPORTING CASH AND SHORT-TERM INVESTMENTS. General Electric reports cash and cash equivalents on a single line of its balance sheet and reports other short-term investments separately. The company classifies as cash equivalents all

“marketable securities with original maturities of three months or less . . . unless held for trading or investment.” A list of items related to cash and investments is presented below. Match each item with the way in which it would be reported by General Electric by pairing each of the numbers 1 through 7 with the appropriate letter.

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ITEM 1. Currency and checks 2. Trading securities with 60-day maturities 3. Trading securities with 6-month maturities 4. Available-for-sale securities with 60-day maturities 5. Available-for-sale securities with 6-month maturities 6. Negative cash balances 7. Compensating balances REPORTING PROCEDURE a) Included in cash and cash equivalents b) Included in short-term investments e) Included in long-term investments d) Included in current liabilities