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AMBER COMPANY

Amber Company is a Philippine entity that is planning to do IPO this coming 2021. Regardless of the current COVID-19 pandemic, its financial operations are impressive. As of December 31, 2020, the Company's chief accountant noted the following outstanding items:

Deposits, checks and currencies:

Undeposited currency and coins500,000

Petty cash fund25,000

BDO- Savings deposit no. 12455734 2,500,000

BPI- Savings deposit no. 42534729, dollar account and legally restricted for withdrawal7,500,000

Metrobank- Current account no. 33636374, included in the balance is a compensating balance amounting 1,000,000 not legally restricted for withdrawal 24,000,000

Undeposited negotiable checks that are not yet presented for payment, excluded from other items1,500,000

Bank drafts4,500,000

Money orders3,500,000

Undelivered or unreleased check payable to suppliers900,000

Postdated check issued by AMBER600,000

Postdated check received by AMBER700,000

Material stale checks not encashed by Amber's suppliers within 8 months from respective check dates600,000

Material checks held by Amber and received from its customers not encashed within 8 months from respective check dates900,000

Funds maintained by the Company:

Payroll fund350,000

Sinking fund1,000,000

Preference share redemption fund, for an expected redemption period of 10 years2,500,000

Travel fund400,000

Interest fund325,000

Contingent fund for acquisition of Company laptops6,500,000

Dividend fund250,000

Insurance fund7,500,000

Fund for acquisition of a corporate office in Valero St., Makati Business District25,000,000

Tax fund650,000

Bills, securities and other deposits of the Company:

Treasury bill purchased November 1, 2020, maturing on January 31, 2021350,000

Treasury bill purchased December 1, 2020, maturing on January 31, 2021250,000

Treasury bill purchased December 1, 2020, maturing on March 31, 2021150,000

BDO time deposit- 89 days1,200,000

PSBank time deposit- 90 days1,500,000

BPI time deposit- 91 days1,900,000

Investments in redeemable preference shares purchased on November 1, 2020, with a specific redemption date of January 29, 2021 at the discretion of the holder1,500,000Investments in redeemable preference shares purchased on November 1, 2020, with a specific redemption date of February 2, 2021 at the discretion of the holder1,700,000Highly liquid and marketable equity shares of Ayala Corporation3,000,000

You were recently hired as a general accountant on January 15, 2021, and you were assigned on the cash accounts maintenance division. You were asked by the chief accountant as to the relevant balances of these items as of the year ended December 31, 2020.

Amber Company

Question 1: How much is the Company's adjustedcashequivalentsbalance as of December 31, 2020?

Group of answer choices

4,800,000

4,650,000

6,500,000

4,950,000

some other answer

Amber Company

Question 2: How much is the Company's adjustedcashbalance as of December 31, 2020?

Group of answer choices

40,600,000

47,900,000

46,900,000

39,600,000

some other answer

Amber Company

Question 3: How much is the Company's adjustedcurrent investmentsbalance as of December 31, 2020?

Group of answer choices

6,750,000

6,550,000

8,250,000

3,750,000

some other answer

Amber Company

Question 4: How much is the Company's adjustednon-current investmentsbalance as of December 31, 2020?

Group of answer choices

50,000,000

41,500,000

41,000,000

42,500,000

some other answer