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    Business
  3. Study Set
    Financial and Managerial Accounting Study Set 4
  4. Exam
    Exam 7: Sarbanes-Oxley, Internal Control, and Cash
  5. Question
    Consider the Cash Account Below
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Consider the Cash Account Below

Question 49

Question 49

Multiple Choice

Consider the cash account below. Additional Information: cash disbursements were 80% of collections.
Consider the cash account below. Additional Information: cash disbursements were 80% of collections.    How much was the Beginning Balance of the Cash Account? A)  $57,200 B)  $92,300 C)  $103,350 D)  $35,100
How much was the Beginning Balance of the Cash Account?


A) $57,200
B) $92,300
C) $103,350
D) $35,100

Correct Answer:

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