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As of year-end (12/31) for each of the checks in the picture: (how each check affects end-year cash balance?) Is END-YEAR cash on the balance
As of year-end (12/31) for each of the checks in the picture: (how each check affects end-year cash balance?)
- Is END-YEAR cash on the balance sheet overstated, understated, or properly stated?
- If overstated or understated,would the misstatementbe caught when reconciling the bank cash balance for each account to the book cash balance?
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