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The following are held by Robin Company: Cash in checking account $ 85,000 Cash in bond sinking fund account $ 100,700 Commercial paper (matures in
The following are held by Robin Company: Cash in checking account $ 85,000 Cash in bond sinking fund account $ 100,700 Commercial paper (matures in one month) $ 3,000 Crypto currency $ 200,000 What amount should be reported as "cash and cash equivalents" on Robin's balance sheet? $388,700 $88,120 $88,000 $188,700
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