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Lori's Company has the following items: cash in a checking account, $4,000; cash in a savings accour $7,000; high-grade government securities due in one month

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Lori's Company has the following items: cash in a checking account, $4,000; cash in a savings accour $7,000; high-grade government securities due in one month (purchased last month), $3,556; accoun receivable, $3,000. How much should appear as Cash and Cash Equivalents on the balance sheet? A. $14,556 B. $14,000 C. $7,000 D. $17,556

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