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Question 11 of 39 View Policies Current Attempt in Progress Concord Company has recorded the following items in its financial records. Cash in bank
Question 11 of 39 View Policies Current Attempt in Progress Concord Company has recorded the following items in its financial records. Cash in bank $48,900 Cash in plant expansion fund 101,900 Cash on hand 12,400 Highly liquid investments 34,900 Petty cash 580 Receivables from customers 93,300 Stock investments 64,100 -/1 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 Concord report as "Cash and cash equivalents" on its balance sheet? Cash and cash equivalents $ eTextbook and Media
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