akeAssignmentMain.do?invoker &takeAssignmentSessionlocator-assignment-take;&inpr

Question

akeAssignmentMain.do?invoker &takeAssignmentSessionlocator-assignment-take;&inprogress-false; Calculator Print Item Click to watch the Tell Me More Learning Objective 7 video and then answer the questions below. 1. Examples of cash equivalents indude all of the following EXCEPT a. U.S. Treasury bills. b. notes issued by major corporations. c. money market funds. d. long-term notes receivable. 2. A company has the following current assets: Cash Commercial paper Treasury bills Accounts receivable Inventory $10,000 5,000 4,000 10,000 20,000 What is the total amount of cash and cash equivalents? a. $10,000 b. $14,000 C. $15,000 d. $19,000

Explanation / Answer

Q1. Answer is d. Long term notes receivable.

Q2. Answer is d. $ 19,000

Explanation:

Cash and cash Equivalents will be computed as follows:

Cash                           $10,000

Commercial papers     $5,000

Treasury bill                 $4,000

Cash and Cash equivalents: $ 19,000

Note: Inventory adn Accounts receivable are current assets but not cash adn cash equivalents.

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.