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Current Attempt in Progress Blossom Company has recorded the following items in its financial records. Cash in bank $53,300 Cash in plant expansion fund
Current Attempt in Progress Blossom Company has recorded the following items in its financial records. Cash in bank $53,300 Cash in plant expansion fund 102,600 Cash on hand 15.100 Highly liquid investments 38,900 Petty cash 510 Receivables from customers 93,500 Stock investments 61,200 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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