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13. Which one of the following statements is correct concerning zero-balance accounts? A. Each zero-balance account is offset by a compensating balance account. B. Zero-balance
13. Which one of the following statements is correct concerning zero-balance accounts? A. Each zero-balance account is offset by a compensating balance account. B. Zero-balance accounts are used for depositing incoming funds. C. A master account must be used in conjunction with a zero-balance account. D. Zero-balance accounts are used solely in conjunction with a lockbox system. E. Zero-balance accounts are still required to maintain a minimal balance
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