Solution-What amount should wynn report as cash and cash

What amount should wynn report as cash and cash equivalents

Reference no: EM131730348

Question - Wynn Company has recorded the following items in its financial records.

Cash in bank	$47,800
Cash in plant expansion fund	102,800
Cash on hand	13,600
Highly liquid investments	35,900
Petty cash	550
Receivables from customers	93,400
Stock investments	64,000

The highly liquid investments had maturities of 3 months or less when they were purchased. The stock investments will be sold in the next 6 to 12 months. The plant expansion project will begin in 3 years.

What amount should Wynn report as "Cash and cash equivalents" on its balance sheet?

Reference no: EM131730348

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What amount should wynn report as cash and cash equivalents

Reference no: EM131730348

Reference no: EM131730348

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