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Question 4 of 5 < Wildhorse Company has recorded the following items in its financial records: Cash in bank $51,600 Cash in plant expansion
Question 4 of 5 < Wildhorse Company has recorded the following items in its financial records: Cash in bank $51,600 Cash in plant expansion fund 108,100 Cash on hand 13,900 Highly liquid investments 36,900 Petty cash 600 Receivables from customers 93,300 Investments in shares 64,400 -/8 E: The highly liquid investments had maturities of three months or less when they were purchased. The stock investments will be sold in the next six to 12 months. The plant expansion project will begin in three years. (a) What amount should Wildhorse report as "Cash and cash equivalents" on its balance sheet? HD 6:00 Question 4 of 5 < Cash in plant expansion fund 108,100 Cash on hand 13,900 Highly liquid investments 36,900 Petty cash 600 Receivables from customers 93,300 Investments in shares 64,400 -18: The highly liquid investments had maturities of three months or less when they were purchased. The stock investments will be sold in the next six to 12 months. The plant expansion project will begin in three years. (a) What amount should Wildhorse report as "Cash and cash equivalents" on its balance sheet? Cash and cash equivalents $ acer HD
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