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X Your answer is incorrect. Sunland Company has recorded the following items in its financial...

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Accounting

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X Your answer is incorrect. Sunland Company has recorded the following items in its financial records. The highly liquid investments had maturities of three months or less when they were purchased. The stock investments will be sold in the next six to 12 months. The plant expansion project will begin in three years. (a) What amount should Sunland report as "Cash and cash equivalents" on its balance sheet? Cash and cash equivalents $

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