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Business, 27.05.2020 20:08 gatornathan79

Tallent Corporation had the following account balances at December 31, Year 1: Cash on hand and in banks $975,000 Cash legally restricted for additions to plant (expected to be disbursed in Year 3) 600,000 Bank certificates of deposit (due February 1, Year 2, purchased September 1, Year 1) 250,000 In the current assets section of Tallent’s December 31, Year 1, balance sheet, what total amount should be reported under the caption "cash and cash equivalents"? $975,000 $1,575,000 $1,825,000 $1,225,000

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Tallent Corporation had the following account balances at December 31, Year 1: Cash on hand and in b...
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