Multiple Choice
If the expected ending cash balance is $5,000, estimated cash receipts are $125,000, and estimated cash payments are $131,000, then:
A) the beginning cash balance is $11,000
B) the beginning cash balance is $6,000
C) the beginning cash balance is $5,000
D) the beginning cash balance is $1,000
Correct Answer:
Verified
Correct Answer:
Verified
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