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Question: Steinert Company has the following items at year-end: Cash in bank $35,000 Petty cash 500 Short-term paper with maturity of 2 months 8,200 Postdated checks 2,100 Steinert should report cash and cash equivalents of a. $35,000. b. $35,500. c. $43,700. d. $45,800.
Steinert Company has the following items at year-end: Cash in bank $35,000 Petty cash 500 Short-term paper with maturity of 2 months 8,200 Postdated checks 2,100 Steinert should report cash and cash equivalents of a. $35,000. b. $35,500. c. $43,700. d. $45,800.
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