Question 4 of 4 Pharoah Company has recorded the following items in its financial records. Cash in bank: Checking account Money market fund Payroll account Certificate of deposit (matures in 2 months) Certificate of deposit (matures in 12 months) Total cash in bank Cash in plant expansion fund Cash on hand Highly liquid investments Petty cash Receivables from customers Stock investments U.S Treasury bills $33,000 Cash and cash equivalents $ 19,000 9,000 11,000 16,000 $88,000 126,000 17,000 36,000 900 105,000 67,000 26,000 0/1 = : The highly liquid investments (Commercial Paper) 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?

Pharoah Company has recorded the following items in its financial records. The highly liquid investments (Cominefclal Paper) had maturities of 3 months or less when they were purchased The stock investments wil be sold in the next of to 12 months. The plant expansion project will begin in 3 years. (a) What amount should Pharoah report as 'Cash and cash equivalents" onits balance sheet? Cashandeash equivalents 5 Pharoah Company has recorded the following items in its financial records. irrestrents will be sold in the nest 6 to-12 month. The plart expansion oroject wil bejein in 3 years. Conhand easheowivalenta 3