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Statement $2: On December 31 of Year 2, Green Caterpillar Garden Supplies Inc, had $8,072 million of actual money that it could have spent immediately.
Statement $2: On December 31 of Year 2, Green Caterpillar Garden Supplies Inc, had $8,072 million of actual money that it could have spent immediately. This statement is , because: The funds recorded in Green Caterpillar's cash and equivalents account represents funds that are either cash or can be converted in cash almost immediately The funds recorded in Green Caterpillar's accounts receivable account represents funds that are either cash or can be converted into almost immediately Green Caterpillar's Year 2 cash and equivalents balance is $20,317 Statement \#3: If Green Caterpillor ever goes bankrupt, its common stockholders will be paid off first, then its debtholders and preferred stockholders
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