Lori's Company has the following items: cash in a checking account, $2,000; cash in a savings account, $10,000; high - grade government securities due in one month (purchased last month), $3,546; accounts receivable, $3,000. How much should appear as Cash and Cash Equivalents on the balance sheet? O A. $18,546 O B. $10,000 OC. $15,546 O D. $15,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Lori's Company has the following items: cash in a checking account, $2,000; cash in a savings account, $10,000; high - grade government securities due in one month (purchased last month), $3,546;
accounts receivable, $3,000. How much should appear as Cash and Cash Equivalents on the balance sheet?
O A. $18,546
O B. $10,000
O C. $15,546
O D. $15,000
Transcribed Image Text:Lori's Company has the following items: cash in a checking account, $2,000; cash in a savings account, $10,000; high - grade government securities due in one month (purchased last month), $3,546; accounts receivable, $3,000. How much should appear as Cash and Cash Equivalents on the balance sheet? O A. $18,546 O B. $10,000 O C. $15,546 O D. $15,000
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