Reference no: EM133149135
Question - Cash Equivalents - Singh Company invested its excess cash in the following instruments during December 2017:
Certificate of deposit, due January 31, 2020 $75,000
Certificate of deposit, due March 30, 2018 136,000
Commercial paper, original maturity date February 28, 2018 125,000
Deposit into a money market fund 25,000
Investment in stock 65,000
90-day Treasury bills 100,000
Treasury note, due December 1, 2047 500,000
Required - Determine the amount of cash equivalents that should be combined with cash on the company's balance sheet at December 31, 2017, and for purposes of preparing a statement of cash flows for the year ended December 31, 2017.