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Q7.25: Acer Manufacturing has prepared the following current assets section on the balance sheet. Cash...

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Q7.25: Acer Manufacturing has prepared the following current assets section on the balance sheet. Cash in bank Treasury bills Supplies Money Market Fund Restricted cash Accounts Receivable Petty cash fund Prepaid Expenses Inventories Total current assets $17,250 10,275 13,500 15,925 39,550 26,000 500 6,525 22.250 $151.775 What amount will Acer Manufacturing report as cash and cash equivalents? A $43,950 B $33,675 $116,025 D $123,000

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