The following information is available for Holland Company at December 31:
Based on this information,Holland Company should report Cash and Cash Equivalents on December 31 of:
A)$35,421
B)$50,421
C)$37,546
D)$36,246
E)$40,439

Question

The following information is available for Holland Company at December 31:
 Based on this information,Holland Company should report Cash and Cash Equivalents on December 31 of:
A)$35,421 
B)$50,421 
C)$37,546 
D)$36,246 
E)$40,439

Quizplus · Accepted Answer

Add $2,790 in money market fund + $22,431 of cash in bank + $200 of cash in petty cash fund + $10,000 of U.S. Treasury bill with maturity of less than three months on date of purchase = $35,421.

The Following Information Is Available for Holland Company at December