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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

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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