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On January 1, Concord Corporation has a beginning cash balance of $52000. During the year, the company expects cash disbursements of $410000 and cash receipts

On January 1, Concord Corporation has a beginning cash balance of $52000. During the year, the company expects cash disbursements of $410000 and cash receipts of $340000. If Concord requires an ending cash balance of $32000, the company must borrow

O $122000.

O $74000.

O $32000.

O $50000.

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