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Wynn company has recorded the following items in its

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

Cash in bank $47,450

Cash in plant expansion fund 101,102

Cash on hand 13,694

Highly liquid investments 38,481

Petty cash 555

Receivables from customers 96,734

Stock investments 63,065

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?

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Accounting Basics: Wynn company has recorded the following items in its

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Accounting Basics: Wynn company has recorded the following items in its

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