How kaniper should report cash and cash equivalents of

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Reference no: EM132703329

Kaniper Company has the following items at year-end:

Cash in bank $20,000
Petty cash 300
Short-term paper with maturity of 2 months 5,500
Postdated checks 1,400

Problem 1: Kaniper should report cash and cash equivalents of:

a.$20,000
b.$20,300
c.$25,800
d.$27,200

Reference no: EM132703329

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