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A company reports the following information as of the end of the year.

Investment securities of $10,000. These securities are common stock investments in 30 companies that compose the Dow Jones Industrial average. As a result, the stocks are very actively traded in the market.
Investment securities of $5,700. These securities are U.S. government bonds. The bonds are 30-year bonds; they were purchased on December 31 at which time they had two months to go until they mature.
Cash of $3,400 in the form of coin, currency, savings accounts, and checking accounts.
Investment securities of $6,600. These securities are commercial paper (short-term IOUs from other companies). The term of the paper is nine months; they were purchased on December 31 at which time they had four months to go until they mature.

Using the information, determine the total amount of cash and cash equivalents.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9801234

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