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What the cash equivalents as of year-end amounted to

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Problem 1: ABC Company shows the following information as of the end of the current year: Time deposit - 60 days 20,000 Time deposit - 120 days 50,000 Money market placement 80,000 Investment in DEF bonds, remaining maturity of 75 days 1,000,000 Investment in GHI bonds, remaining maturity of 75 days 1,500,000 Investment in DEF bonds was acquired December 25 of the current year, while the GHI bonds were acquired on November 1 of the same year. The cash equivalents as of year-end amounted to -

Option 1: 1,100,000

Option 2: 1,150,000

Option 3: 2,650,000

Option 4: 100,000

Reference no: EM132894364

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