GBN Company has a treasury bill of OMR 3,000 fair value with a maturity date of 6 months and a money market fund of OMR 2,000 fair value with a maturity date of 75 days, its book value is OMR 1,500. How nmuch is the correct balance of cash equivalents? a. None of these b. 5,000 ОМR С. 1,500 ОМR d. 2,000 OMR

GBN Company has a treasury bill of OMR 3,000 fair value with a maturity date of 6 months and a money market fund of OMR 2,000 fair value with a maturity date of 75 days, its book value is OMR 1,500. How nmuch is the correct balance of cash equivalents? a. None of these b. 5,000 ОМR С. 1,500 ОМR d. 2,000 OMR

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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