Lor's Company has the following items: cash in a checking account, $4,000; cash in a savings account, $6,000; high-grade government securities due in one month (purchased last month), $3,536, accounts receivable, $3,000. How much should appear as Cash and Cash Equivalents on the balance sheet? O A. $13,536 O B. $16,536 O C. $17,136 OD. $6,000

Lor's Company has the following items: cash in a checking account, $4,000; cash in a savings account, $6,000; high-grade government securities due in one month (purchased last month), $3,536, accounts receivable, $3,000. How much should appear as Cash and Cash Equivalents on the balance sheet? O A. $13,536 O B. $16,536 O C. $17,136 OD. $6,000

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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