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Cash Equivalents Singh Company invested its excess cash in the following instruments during December 2017: Certificate...


Cash Equivalents Singh Company invested its excess cash in the following instruments during December 2017: Certificate of dep
Cash Equivalents Singh Company invested its excess cash in the following instruments during December 2017: Certificate of deposit, due January 31, 2020 $ 75,000 Certificate of deposit, due March 30, 2018 125,000 Commercial paper, original maturity date February 28, 2018 125,000 Deposit into a money market fund 25,000 Investment in stock 65,000 90-day Treasury bills 100,000 Treasury note, due December 1, 2047 500,000 Required: < Determine the amount of cash equivalents that should be combined with cash on the company's balance sheet at December 31, 2017, and for purposes of preparing a statement of cash flows for the year ended December 31, 2017
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Answer:

Particulars Amount ($)
Certificate of deposite due March 30, 2018 125000
Commericial paper, original maturity date Feb 28, 2018 125000
Deposite into money market fund 25000
90-day Treasury bills 100000
Total cash equivalents 375000
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