(Solved by Humans)-Problem 6-4A Cash and Liquid Assets on the Balance Sheet The following current assets are listed...

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      Problem 6-4A Cash and Liquid Assets on the Balance Sheet The following current assets are listed in a company’s general ledger:       December 31, 2014 December 31, 2013 Accounts Receivable $12,300 $10,000 Certificates of Deposit (three  months) 10,000 10,000 Marketable  Securities 4,500 4,000 Petty Cash Fund 1,200 1,500 Money Market Fund 25,800 28,000 Cash in Checking Account 6,000 6,000 Required       1.        Which items are cash equivalents? 2.        Explain where items that are not cash equivalents should be classified on the balance sheet. 3.        What are the amount and the direction of change in cash and cash equivalents for 2014? Is the company as liquid at the end of 2014 as it was at the end of 2013? Explain your answer.           Decision Cases                                                                                               331