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Author Question: A company has a $5,679 debit balance in its cash account. Given this information, which of the ... (Read 109 times)

shofmannx20

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on: Feb 18, 2020
A company has a $5,679 debit balance in its cash account. Given this information, which of the following is a TRUE statement?
◦ It is ALWAYS normal for the cash account to have a debit balance.
◦ It is NOT ever normal for the cash account to have a debit balance.
◦ It is not normal for a business to have this much cash, therefore this is NOT a normal account balance.
◦ Normal account balances differ from company to company; therefore it is impossible to evaluate the given statement without more information.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by shofmannx20 on Feb 18, 2020

joewallace

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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shofmannx20

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Reply 2 on: Feb 18, 2020
Great answer, keep it coming :)

robbielu01

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Reply 3 on: Yesterday
Wow, this really help

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