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Pearsall Company has a December 3 1 st year end. The following are selectd items listed in the 1 2 / 3 1 / x
Pearsall Company has a December st year end. The following are selectd items listed in the x trial balance for Pearsall Company:
Currency and coins $
Balance in various checking accounts
Customer checks received but not yet deposited not included in the above balance in checking accounts
Shortterm liquid investment that matures on xpurchased on x
Marketable equity securities these are investments in the stock of other corporations
Commercial paper that matures on xpurchased on x
What amount of cash and cash equivalents will Pearsall Company report on its x balance sheet?
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