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How much should be reported as cash equivalents

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PIA Services (a nonprofit organization) has the following account balances at 6/30/2020.

Cash, general checking $15,000

Fair value of equity security (to be sold in July) $ 6,000

Savings, money market account 50,000

Cash restricted for equipment purchase in August 35,000

Cash, checking account 2,500

Problem 1: How much should be reported as Cash and cash equivalents in its classified balance sheet?

Reference no: EM132625506

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