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How much will be reported as cash and cash equivalents

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Reference no: EM132837082

Problem 1: Currency and coin on hand amounted to P15,000. Based on the above data, how much will be reported as cash and cash equivalents at December 31, 2018?

a. P3,025,000

c. P2,575,000

b. P2,825,000

d. P5,025,000

Reference no: EM132837082

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