Question
Lori's Company has the following items: cash in a checking account, $5,000; cash in a savings account, $7,000; highminusgrade government securities due in one month
Lori's Company has the following items: cash in a checking account,
$5,000;
cash in a savings account,
$7,000;
highminusgrade
government securities due in one month (purchased last month),
$3,576;
accounts receivable, $3,000. How much should appear as Cash and Cash Equivalents on the balance sheet?
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Gleim CIA Review Part 2 Practice Of Internal Auditing
Authors: Irvin N. Gleim
2020 Edition
1618542648, 978-1618542649
