Multiple Choice
In 2012, Rodney Corporation's balance sheet had the following balances: cash, $306,500; accounts receivable, $471,400; and accounts payable, $390,800. During 2013, Rodney had a net increase in cash of $68,600 and net income of $47,800. Given this information, what is the cash balance that will be reported on Rodney's 2013 balance sheet?
A) $375,100
B) $237,900
C) $354,300
D) $258,700
Correct Answer:
Verified
Correct Answer:
Verified
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