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How is each of these CDs classified

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Reference no: EM132852725

Problem - On December 31, Stockton Inc. invests idle cash in two different certificates of deposit. The first is an 8%, 90-day CD, and the second has an interest rate of 9% and matures in 120 days. How is each of these CDs classified on the December 31 balance sheet?

Reference no: EM132852725

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