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Pharoah Company has recorded the following items in its financial records. The highly liquid investments had maturities of 3 months or less when they were

image text in transcribedimage text in transcribed Pharoah Company has recorded the following items in its financial records. 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 Pharoah report as "Cash and cash equivalents" on its balance sheet? Cash and cash equivalents $

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