Assume Bellini Company holds the following assets at year-end and classifies as cash equivalents everything allowed by professional standards. Treasury bills (Acquired with less than 3 month maturity dates) $ 90,000 Treasury bills (Acquired with greater than 3 month maturity dates) 25,000 Commercial paper 45,000 Investment in marketable equity securities 110,000 What would be the total cash
equivalents at year-end for Bellini Company?
a. $90,000
b. $115,000
c. $135,000
d. $160,000
C
Business
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a. public relations b. operations c. human resources d. data processing
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Business
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What will be an ideal response?
Business