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What apple company cash and cash equivalent is

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Reference no: EM132694605

Apple Company

  • Undeposited receipts (currency and coins on hand), P50,000
  • Postal money orders, P90,000
  • Traveller's check on Hand P120,000
  • Money market fund held held at BPI that permits Apple Company to write checks on this fund,P400,000
  • Utility deposit receipt (made to Electron Company), P100,000

Problem 1: What Apple Company's Cash and Cash Equivalent is

Reference no: EM132694605

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