Question
B. It was December 2014 and the president of DCD Corporation wants to find out if the company has enough cash to pay the principal
B.
It was December 2014 and the president of DCD Corporation wants to find out if the company has enough cash to pay the principal balance of the company's loan worth PHP3 million by the end of 2015. He asked the chief accountant to prepare the cash budget for 2015.
The following assumptions which will be used for the preparation of the cash budget for 2015 are as follows:
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
71051503, 978-1259066511, 1259066517, 978-0071051507
