A Company Has a Forty Million Dollar Credit Balance in the Cash

question 17

Multiple Choice

A company has a forty million dollar credit balance in the cash account.Given this information,which of the following is a TRUE statement?

• A)This is NOT a normal account balance-companies don't normally have this much cash on hand.
• B)It is NOT normal for the cash account to have a credit balance.
• C)Not enough information provided,since normal account balances are different for each company.
• D)It is ALWAYS normal for the cash account to have a credit balance.

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Definitions:

Pigmented Epithelium

Specialized epithelial cells that contain pigment granules, involved in coloration and protection against sunlight, such as those found in the retina.

Lacrimal Puncta

Small openings on the inner sides of the eyelids that drain tears into the lacrimal ducts.

Lacrimal Apparatus

A system consisting of structures involved in the production and drainage of tears, maintaining eye health.

Nasolacrimal Duct

A duct that allows tears to drain from the eye into the nasal cavity.