Jane Dear Tractors has cash in bank of $85,000, cash set aside for a plant expansion in a separate account of $105,000, short-term paper that matures in 10 months for $35,000, and a compensating balance of $90,000 at another bank for a long-term loan. How much should be reported under the heading Cash? O $315,000 $190,000 $85,000 $225,000
Jane Dear Tractors has cash in bank of $85,000, cash set aside for a plant expansion in a separate account of $105,000, short-term paper that matures in 10 months for $35,000, and a compensating balance of $90,000 at another bank for a long-term loan. How much should be reported under the heading Cash? O $315,000 $190,000 $85,000 $225,000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Jane Dear Tractors has cash in bank of $85,000, cash set aside for a plant expansion in a separate account of $105,000, short-term paper that matures in 10 months for $35,000, and a compensating balance of $90,000 at another bank for a long-term loan. How much should be reported under the heading Cash? O $315,000 $190,000 $85,000 $225,000
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