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Kingbird Company has recorded the following items in its financial records. Cash in bank $55,500 Cash in plant expansion fund 104,700 Cash on hand 13,200
Kingbird Company has recorded the following items in its financial records.
Cash in bank | $55,500 | |
Cash in plant expansion fund | 104,700 | |
Cash on hand | 13,200 | |
Highly liquid investments | 38,500 | |
Petty cash | 530 | |
Receivables from customers | 93,900 | |
Stock investments | 65,200 |
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 Kingbird report as Cash and cash equivalents on its balance sheet?
Cash and cash equivalents | $enter the cash and cash equivalents amount in dollars |
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