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View Policies Current Attempt in Progress Skysong Company has recorded the following items in its financial records. $56,900 109,400 14,500 Cash in bank Cash in
View Policies Current Attempt in Progress Skysong Company has recorded the following items in its financial records. $56,900 109,400 14,500 Cash in bank Cash in plant expansion fund Cash on hand Highly liquid investments Petty cash Receivables from customers Stock investments 38,700 540 90,100 68,500 The highly liquid investments 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 Skysong report as "Cash and cash equivalents" on its balance sheet? Cash and cash equivalents $
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