Business
Business, 12.05.2021 04:20, jaelynnm

Swifty Company has recorded the following items in its financial records. Cash in bank $47,300 Cash in plant expansion fund 102,000 Cash on hand 13,700 Highly liquid investments 36,000 Petty cash 530 Receivables from customers 96,600 Stock investments 63,500 The highly liquid investments had maturities of 3 months or less when they were purchased. The stock investments will be sold in the next 6 to 12 months. The plant expansion project will begin in 3 years. (a) What amount should Swifty report as "Cash and cash equivalents" on its balance sheet?

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Swifty Company has recorded the following items in its financial records. Cash in bank $47,300 Cash...

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