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What total amount should be reported as cash

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Reference no: EM132562635

Question - Company provided the following information at year-end:

Cash on hand 500,000

Cash in bank 4,000,000

Petty cash fund 50,000

Commercial paper with maturity of 2 months 1,000,000

Treasury bill with maturity of 6 months 2,000,000

Postdated customer checks 200,000

Required - What total amount should be reported as "cash as cash equivalents"?

Reference no: EM132562635

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