Reference no: EM13550388
Systematic Enterprises invested its excess cash in the following instruments during December 2010:
Certificate of deposit, due January 31, 2013 .......................$ 75,000
Certificate of deposit, due March 30, 2011 ......................... 150,000
Commercial paper, original maturity date February 28, 2011 .... 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, 2040 ................................ 500,000
Required
Determine the amount of cash equivalents that should be combined with cash on the company's balance sheet at December 31, 2010, and for purposes of preparing a statement of cash flows for the year ended December 31, 2010.
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