As of December 31,2015,Valley Company has $16,920 cash in its checking account,as well as several other items listed below:
What amount should be shown in Valley's December 31,2015,balance sheet as "Cash and cash equivalents"?
A) $53,200.
B) $70,120.
C) $130,120.
D) $113,200.
Correct Answer:
Verified
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