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Lori's Company has the following items: cash in a checking account, $ 3, 000;cash in a savings account, $ 6 000;high-grade government securities due in
Lori's Company has the following items: cash in a checking account, $ 3, 000;cash in a savings account, $ 6 000;high-grade government securities due in one month (purchased last month),$ 3,546;accounts receivable, $3,000; cash in a compensating balance agreement,$ 4,000.How much should appear as Cash and Cash Equivalents on the balance sheet?
A.$ 16,546
B.$ 15,546
C.$ 12,546
D.$ 6,000
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