Cash Equivalents

2. Behringer Co. holds the following securities on December 31, 20x1:

Treasury bill acquired on November 1, 20x1, maturing on January 31, 20x2 300,000

Money market placements to RCBC trust, made on December 15, 20x1,

maturing on August 31, 20x2 800,000

Redeemable preference shares acquired on December 31, 20x1 and redeemable

on March 31, 20x2 1,600,000

Three-month time deposit with UCPB 950,000

Investment ins shares of stocks acquired on December 31, 20x1

to be sold in January 20x2 450,000

Requirement: How much is presented as cash equivalent?