The company has $10,000 in its checking account, $20,000 in its savings account, $1,000 in petty cash, $25,000 in one-year Treasury bills, and $15,000 in a money market fund. What amount should be reported as cash and cash equivalents on the balance sheet??

Q2- The services provided by banks help businesses to control cash by meeting all of the following control objectives except:

A-document procedures.

B-restrict access.

C-segregate duties.

D-independently verify.