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11. Company A has the following information excerpted from its financial statements: Assume the cash balance on Dec. 31 Year 2 is 15,000, what is

11. Company A has the following information excerpted from its financial statements: Assume the cash balance on Dec. 31 Year 2 is 15,000, what is the cash balance at the end of Year 1 ? $16,000 $14,000 $10,500 $19,500

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