The Beginning Cash Balance Is $3,000,estimated Cash Receipts Are $105,000,and

question 155

Multiple Choice

The beginning cash balance is $3,000,estimated cash receipts are $105,000,and estimated cash disbursements are $111,000.How much cash must be borrowed to have a desired ending balance of $5,000?

• A)$2,000
• B)$6,000
• C)$5,000
• D)$8,000

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Definitions:

Land Holding

Real estate or land owned by an individual or entity, including the natural resources and rights that come with the property.

Unrealized Profit

Profits that have been earned but not yet realized through a transaction, often related to investments that have increased in value but have not been sold.

Consolidation Purposes

The process of combining financial statements of separate business entities within a group for reporting as one entity.

Unrelated Party

A party or entity that does not have a familial, business, or financial relationship with another party, ensuring transactions are conducted at arm's length.