Multiple Choice
As of December 31, 2012, Montross Company had $400 cash. During 2013, Montross earned $1,200 of cash revenue and paid $800 of cash expenses. The amount of cash shown on the 2013 balance sheet would be
A) $300.
B) $800.
C) $1,100.
D) $2,400.
Correct Answer:
Verified
Correct Answer:
Verified
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