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Lori's Company has the following items: cash in a checking account, $5,000; cash in a...

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Accounting

Lori's Company has the following items: cash in a checking account, $5,000; cash in a savings account, $8,000; high - grade government securities due in one month (purchased last month), $3,556; accounts receivable, $3,000. How much should appear as Cash and Cash Equivalents on the balance sheet?
A. $19,556
B. $16,556
C. $8,000
D. $16,000
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