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For the month of January 2021, a company expects to have Cash collections worth $ 100,000 and the cash disbursements $ 60,000. The Company is
For the month of January 2021, a company expects to have Cash collections worth $ 100,000 and the cash disbursements $ 60,000. The Company is expected to have an opening cash balance of $ 10,000. What would be the estimated closing cash balance available in January 2021? a. $ 160,000 O b. $ 100,000 O c. $ 50,000 O d. $ 140,000
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
