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Hello, please help me to solve it step by step. I know correct answer posted on the below. Thank you so much. Crane Company has
Hello, please help me to solve it step by step. I know correct answer posted on the below. Thank you so much.
Crane Company has the following items at year-end:
| Cash in bank | $32000 | |
| Petty cash | 250 | |
| Short-term paper with maturity of 2 months | 5000 | |
| Postdated checks | 1200 |
Crane should report cash and cash equivalents of
Correct answer: $37250
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