Paraphrase c. The question is asking what amount of liquid assets Davidson Corporation has available to immediately cover such a payment. Looking at the context Davidson Corporation balance sheet depicts the company's cash and cash equivalents. Davidson Corporation has $15 million in cash and equivalents. This means that at the present time, Davidson Corporation could write a check for up to $15 million without it bouncing, as this is the amount of liquid assets readily available to cover the check. Any check written for an amount greater than the cash and equivalents on hand could potentially bounce, assuming no other sources of liquidity are immediately accessible to the company