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The following information was taken from Niland Company cash budget for the month of April Beginning cash balance $120000 Cash receipts 108000 Cash disbursements
The following information was taken from Niland Company cash budget for the month of April Beginning cash balance $120000 Cash receipts 108000 Cash disbursements 136000 Depreciation 20000 If the company has a policy of maintaining an end of the month cash balance of $100000, the amount the company would have to borrow is $28000. $8000. $0. $116000.
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
6th edition
1305103963, 978-1305548909, 1305548906, 978-1305103962
