The following information is available for Montrose Company at December 31: Based on this information, the amounts considered Cash and Cash Equivalents, respectively on December 31 are:
A)Cash $10,430; Cash equivalents $20,400
B)Cash $8,540; Cash equivalents $22,290
C)Cash $8,790; Cash equivalents $26,400
D)Cash $19,190; Cash equivalents $16,000
E)Cash $11,235; Cash equivalents $26,400

Question

The following information is available for Montrose Company at December 31:  Based on this information, the amounts considered Cash and Cash Equivalents, respectively on December 31 are:
A)Cash $10,430; Cash equivalents $20,400 
B)Cash $8,540; Cash equivalents $22,290 
C)Cash $8,790; Cash equivalents $26,400 
D)Cash $19,190; Cash equivalents $16,000 
E)Cash $11,235; Cash equivalents $26,400

Quizplus · Accepted Answer

The Answer of The following information is available for Montrose Company at December 31:  Based on this information, the amounts considered Cash and Cash Equivalents, respectively on December 31 are:
A)Cash $10,430; Cash equivalents $20,400 
B)Cash $8,540; Cash equivalents $22,290 
C)Cash $8,790; Cash equivalents $26,400 
D)Cash $19,190; Cash equivalents $16,000 
E)Cash $11,235; Cash equivalents $26,400

The Following Information Is Available for Montrose Company at December