Multiple Choice
If the opening balance of cash for one month is $20,000, cash receipts are estimated to be $398,000 and cash payments are estimated as $300,000, the opening cash balance at the beginning of the next month is:
A) $118,000.
B) $109,000.
C) $69,000.
D) cannot be calculated.
Correct Answer:
Verified
Correct Answer:
Verified
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