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Problem 3 On December 3 1 , 2 0 XX , the accounting records of Sky Corporation contain the items below. What is the amount

Problem 3
On December 31,20XX, the accounting records of Sky Corporation contain the items below. What is the amount of Cash owned by Sky on December 31,20XX if in the table th
\table[[Accounts Payable,$16,000,Accounts Receivable,$40,000
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