Question
Mosbey Inc. is working on its cash budget for June. The budgeted beginning cash balance is $19,000. Budgeted cash receipts total $191,000 and budgeted cash
Mosbey Inc. is working on its cash budget for June. The budgeted beginning cash balance is $19,000. Budgeted cash receipts total $191,000 and budgeted cash disbursements total $190,000. The desired ending cash balance is $34,000. The excess (deficiency) of cash available over disbursements for June will be:
Multiple Choice
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$210,000
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$20,000
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$18,000
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$1,000
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Internal Auditing An Integrated Approach
Authors: Richard Cascarino
3rd Edition
1485110599, 978-1485110590
