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find Answer Jones and Ferry Ltd invested its excess cash outside the business in the following manne during December,2014: Particulars Certificate of deposit, ue Jan
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Jones and Ferry Ltd invested its excess cash outside the business in the following manne during December,2014: Particulars Certificate of deposit, ue Jan 31, 2017 Certificate of deposit, due March 30,2015 S 180,000| Commercial paper, original maturity February 28, 2015 Deposit into a money market fund Investment in stock 90-day Treasury bils Treasury note, due December 1, 2044 Amount S 120,000 S 130,000 S 35,000 S 55,000 S 30,000 S 600,000 Calculate the amount to be represented as cash and cash equivalents in the balance she on that date. a. Amount of cash and cash equivalents is $370,000 b. Amount of cash and cash equivalents is $305,000 c. Amount of cash and cash equivalents is $375,000 d. Amount of cash and cash equivalents is $365,000Step by Step Solution
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