Multiple Choice
In the cash budget, the cash excess (surplus) or deficiency (deficit) is calculated using which of the following formulas?
A) beginning cash + receipts - disbursements
B) beginning cash + receipts - disbursements - minimum cash balance + loan proceeds
C) beginning cash + receipts - disbursements - minimum cash balance
D) total cash needed - cash disbursements
Correct Answer:
Verified
Correct Answer:
Verified
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