Star corp. had the following accounts and balances in its general ledger as of december 31:
petty cash $ 500
xyz bank checking account 20,000
marketable equity security 10,000
marketable debt security 7,500
abc bank depository account 5,000
what amount should star report as cash and cash equivalents in the balance sheet as of december 31?
Answers: 2
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Star corp. had the following accounts and balances in its general ledger as of december 31:
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