Multiple Choice
As of December 31,2015,Mason Company had $500 cash.During 2016,Mason earned $1,200 of cash revenue and paid $800 of cash expenses.The amount of cash shown on the 2016 balance sheet would be
A) $900.
B) $400.
C) $1,700.
D) $2,500.
Correct Answer:
Verified
Correct Answer:
Verified
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