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Blossom Company has recorded the following items in its financial records. Cash in bank $51,300 Cash in plant expansion fund 110,200 Cash on hand
Blossom Company has recorded the following items in its financial records. Cash in bank $51,300 Cash in plant expansion fund 110,200 Cash on hand 13,400 Highly liquid investments 36,400 Petty cash 570 Receivables from customers 92,900 Stock investments 66,400 The highly liquid investments had maturities of 3 months or less when they were purchased. The stock investments will be sold in the next 6 to 12 months. The plant expansion project will begin in 3 years. (a) What amount should Blossom report as "Cash and cash equivalents" on its balance sheet? Cash and cash equivalents $ SUPPORT
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