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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
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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