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Exercise 8-14 a Bramble Company has recorded the following items in its financial records. Cash in bank Cash in plant expansion fund Cash on hand
Exercise 8-14 a Bramble Company has recorded the following items in its financial records. Cash in bank Cash in plant expansion fund Cash on hand Highly liquid investments Petty cash Receivables from customers Stock investments $51,300 110,200 13,400 36,400 570 92,900 66,400 The highly liquid investments had maturities of 3 months or less when they were purchased. The stock investments will be sold in the next 6 to 12 months. The plant expansion project will begin in 3 years. (a) What amount should Bramble report as "Cash and cash equivalents" on its balance sheet? Cash and cash equivalents $ Click if you would like to Show Work for this question: Open Show Work
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