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Determine the amount of cash equivalents

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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.

Reference no: EM133149135

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