Multiple Choice
As of December 31,Year 1,Mason Company had $500 cash.During Year 2,Mason earned $1,200 of cash revenue and paid $800 of cash expenses.What is the amount of cash that will be reported on the balance sheet at the end of Year 2?
A) $900
B) $400
C) $1,700
D) $2,500
Correct Answer:
Verified
Correct Answer:
Verified
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