The Candy Factory Has the Following Items: Cash in a Checking

question 43

Multiple Choice

The Candy Factory has the following items: cash in a checking account, $1,200; cash in a savings account, $4,390; high-grade government securities,$3,586; accounts receivable, $3209; cash in a compensating balance agreement, $3,200. How much should appear as Cash and Cash Equivalents on the balance sheet?

• A) $4,786
• B) $9,176
• C) $12,385
• D) $15,585

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