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Cullumber Compary has recorded the follawing items in its financial records. The highly liquid investments [Commercial Paper] had maturities of 3 months or less when
Cullumber Compary has recorded the follawing items in its financial records. The highly liquid investments [Commercial Paper] had maturities of 3 months or less when they were purchased. The stock inwestments will be sold in the next 6 to 12 months. The plant expansion project will begin in 3 years. (a) What amount should Cullumber report as "Cash and cash equivalents" on its balance sheet
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