XYZ Has the Following Assets What Would Be the Total Cash Equivalents at Year-End for c

XYZ has the following assets: $$\begin{array} { | l | c | } \hline \text { Assets } & \text { Amount } \\\hline \text { Treasury bills (Acquired with less than } 3 \text { month maturity dates) } & \$ 80,000 \\\hline \text { Treasury bills (Acquired with greater than } 12 \text { month maturity' dates } & 20,000 \\\hline \text { Commercial paper } & 40,000 \\\hline \text { Inestment in marketable equity sec urities } & 100,000 \\\hline\end{array}$$ What would be the total cash equivalents at year-end for XYZ?

A) $80,000
B) $100,000
C) $120,000
D) $140,000
E) $220,000

Correct Answer:

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