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Question 2 is not complete and question 3 is incorrect. Cheryl Wilson, president of Rivers Company, considers $25,000 to be a minimum cash balance for
Question 2 is not complete and question 3 is incorrect. Cheryl Wilson, president of Rivers Company, considers $25,000 to be a minimum cash balance for operating purposes. As can be seen from the following statements, only $20,000 in cash was available at the end of 2011. Because the company reported a large net income for the year, and also issued bonds and sold some long-term investments, the sharp decline in cash is puzzling to Ms. Wilson
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