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Bordelain Company Has Cash in Bank of $20,000, Restricted Cash

Question 5

Multiple Choice

Bordelain Company has cash in bank of $20,000, restricted cash in a separate account of $6,000, and a bank overdraft in an account at another bank of $5,000. Bordelain should report cash of ________.


A) $15,000
B) $20,000
C) $21,000
D) $26,000

Correct Answer:

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