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In 2020, ABC Company Ltd had cash receipts of $350,000 and cash disbursements of $200,000. Company Z's ending cash balance at December 31 of the

In 2020, ABC Company Ltd had cash receipts of $350,000 and cash disbursements of $200,000. Company Z's ending cash balance at December 31 of the current year was $650,000. What was Company Z's beginning cash balance? a. $800,000 b. $550,000 c. $650,000 d. $850,000

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