Business, 17.03.2020 01:00 chiquita77

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

Cash in bank $49,700
Cash in plant expansion fund 106,200
Cash on hand 13,700
Highly liquid investments 34,600
Petty cash 530
Receivables from customers 91,300
Stock investments 64,500

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.
Requird:
What amount should Wynn report as "Cash and cash equivalents" on its balance sheet?

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

Cash in bank $49...

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