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Dailey Company has the following assets at December 31,201:$50,000 in a checking account, $30,000 in...

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Accounting

Dailey Company has the following assets at December 31,201:$50,000 in a checking account, $30,000 in a savings account, $20,000 in a three-month Treasury bill, a $10,000 compensating balance required by a bank for a line of credit, and $40,000 in a fund restricted for plant expansion in 20X3. How should this company report its cash and cash equivalents in its December 31,20X1 balance sheet?k
$100,000 as cash and cash equivalents and $10,000 in other current liabilities
$90,000 as cash and cash equivalents and $50,000 in other current or long-term assets
$140,000 as cash and cash equivalents
$100,000 as cash and cash equivalents and $40,000 as restricted cash in long-term assets
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