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help asap Sunland Company has recorded the following items in its financial records. Cash in bank $54,200 Cash in plant expansion fund 103,600 Cash on
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Sunland Company has recorded the following items in its financial records. Cash in bank $54,200 Cash in plant expansion fund 103,600 Cash on hand 14,400 36,700 520 Highly liquid investments Petty cash Receivables from customers Stock investments 93,400 64,100 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 Sunland report as "Cash and cash equivalents" on its balance sheet? $ Cash and cash equivalents Step by Step Solution
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