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Cashmere Soap Corporation had the following items listed in its trial balance at 12/31/2021:
Currency and coins $ 590 Balance in checking account 2,500 Customer checks waiting to be deposited 1,400 Treasury bills, purchased on 11/1/2021,
mature on 4/30/2022 2,800 Marketable equity securities 9,900 Commercial paper, purchased on 11/1/2021,
mature on 1/30/2022 6,000 What amount will Cashmere Soap include in its year-end balance sheet as cash and cash equivalents?
A. 13,290
B. 7,290
C. 10,490
D. 23,190

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rafikiedu18

Cashmere Soap Corporation had the following items listed in its trial balance on 12/31/2021: Cash and cash equ, C. 10,490

A corporation, sometimes called a C Corp, is a legal entity separate from its owner. A business can make a profit, be taxed, and be held legally liable. A corporation offers its owner the strongest protection from personal liability, but the cost of incorporation is higher than other structures.

A legal entity is an organization (usually a group of people or a legal entity) authorized by the State to act as a single entity and recognized as such by law for a specific purpose. Early incorporated entities were established by charter. Most jurisdictions now permit the formation of new companies by registration.

Learn more about corporation here:

https://brainly.com/question/13551671

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