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Novak Company has recorded the following items in its financial records. Cash in bank $56,200 Cash in plant expansion fund 108,100 Cash on hand 12,700

Novak Company has recorded the following items in its financial records. Cash in bank $56,200 Cash in plant expansion fund 108,100 Cash on hand 12,700 Highly liquid investments 38,600 Petty cash 530 Receivables from customers 92,600 Stock investments 67,800 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 Novak report as "Cash and cash equivalents" on its balance sheet? Cash and cash equivalents $

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