Determine the cash and cash equivalents of Thailand Company. Related data on December 31, 2019: Cash in checking account 350,000 Cash in money market 750,000 Treasury bills, purchased Nov. 1, 2019 maturing Feb. 28, 2020 3,500,000 Time deposit purchased Dec. 31, 2019 maturing March 31, 2020 4,000,000
Determine the cash and cash equivalents of Thailand Company. Related data on December 31, 2019: Cash in checking account 350,000 Cash in money market 750,000 Treasury bills, purchased Nov. 1, 2019 maturing Feb. 28, 2020 3,500,000 Time deposit purchased Dec. 31, 2019 maturing March 31, 2020 4,000,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Determine the cash and cash equivalents of Thailand Company. Related data on December 31, 2019:
Cash in checking account 350,000
Cash in money market 750,000
Treasury bills, purchased Nov. 1, 2019 maturing Feb. 28, 2020 3,500,000
Time deposit purchased Dec. 31, 2019 maturing March 31, 2020 4,000,000
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