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Current Attempt in Progress Ivanhoe Company has recorded the following items in its financial records: Cash in bank $47,600 Cash inplant expansion fund 108,100 Cashionhand
Current Attempt in Progress Ivanhoe Company has recorded the following items in its financial records: Cash in bank $47,600 Cash inplant expansion fund 108,100 Cashionhand 12.300 Highly liquid investments 38.500 Petty cash 540 Roceivables from customers 93,300 Investments in shares 67,600 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 vears. (a) What amount should Ivanhoe report as "Cash and cash equivalents" on its balance shcet? Question 4 of 7 18 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 Ivanhoe report as 'Cash and cash equivalents' on its balance sheet? Cash and cash equivalents $ eTextbook and Media Attempts: 0 of 2 used
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