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with solution please Apollo Company reported the following information at year end: . Share investments of P1,000,000 that are very actively traded in the stock
with solution please
Apollo Company reported the following information at year end: . Share investments of P1,000,000 that are very actively traded in the stock market. Government treasury bills of P2,000,000 with a 10-year term but purchased on December 31 at which time they had two months to go until maturity. Cash of P3,400,000 in the form of coin, currency, savings account and checking account. Commercial papers of P1,500,000 with term of nine months but purchased December 31 at which time the had three months to go until maturity. What total amount should be reported as cash equivalents? OP4,500,000 O P1,500,000 O P2,000,000 O P3,500,000Step by Step Solution
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