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Blossom Company has recorded the following items in its financial records: Cash in bank $49,000 Cash in plant expansion fund 104.200 Cash on hand
Blossom Company has recorded the following items in its financial records: Cash in bank $49,000 Cash in plant expansion fund 104.200 Cash on hand 14,900 Highly liquid investments 36,800 Petty cash 540 Receivables from customers 94,800 Investments in shares 69,100 The highly liquid investments had maturities of three months or less when they were purchased. The stock investments will be sold in the next six to 12 months. The plant expansion project will begin in three years. (a) What amount should Blossom report as "Cash and cash equivalents" on its balance sheet? Cash and cash equivalents $
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