Lori's Company has the following items: cash in a checking account,$7,000;cash in a savings account,$10,000;high-grade government securities due in one month (purchased last month),$3,586;accounts receivable,$3,000.How much should appear as Cash and Cash Equivalents on the balance sheet?
A)$10,000
B)$20,586
C)$23,586
D)$23,786

Question

Quizplus · Accepted Answer

$7,000 + $10,000 + $3,586 = $20,586

Lori's Company Has the Following Items: Cash in a Checking