accounting 2023 Business Finance
2023 Cash Reporting Richter Industries has the following items Currency
Richter Industries has the following items:
Customer checks that have not been deposited 850
U.S. government bonds that originally maturing in 3 months 11,000
U.S. government bonds that originally maturing in 12 months 14,000
Cash in saving and checking accounts 50,000
Certificates of deposits that originally maturing in 18 months 47,000
How much should Richter report as cash and equivalents on its balance sheet?
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