The Following Information Was Extracted from the Accounting Records of Poe's

question 62

Multiple Choice

The following information was extracted from the accounting records of Poe's Company: $\begin{array}{ll}\text { Beginning Paid-In Capital } & \$ 87,000 \\\text { Beginning Retained Earnings } & \$ 21,000 \\\text { Beginning As sets } & \$ 455,000\end{array}$ During the period assets increased by $150,000, revenues were $200,000, and expenses were $165,000. No additional investments were made by the owners. The amount of Poe Company's liabilities at the end of the period is:

• A) $150,000
• B) $272,000
• C) $157,000
• D) $45,000

Learn the effects of environmental factors on float management.

Understand the calculations involved in determining net float and the implications for cash management.

Understand methods to decrease a firm’s collection time.

Recognize the best cash management practices for firms with multiple offices and national customers.

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Definitions:

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Scholars who study and challenge the norms around gender and sexuality, emphasizing fluidity and the social construction of identity.

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