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The Following Information Was Taken from Hurlbert Company Cash Budget

Question 172

Multiple Choice

The following information was taken from Hurlbert Company cash budget for the month June The following information was taken from Hurlbert Company cash budget for the month June If the company has a policy of maintaining end of the month cash balance of $40,000, the amount the company would have to borrow is A) $24,000. B) $10,000. C) $16,000. D) $0. If the company has a policy of maintaining end of the month cash balance of $40,000, the amount the company would have to borrow is


A) $24,000.
B) $10,000.
C) $16,000.
D) $0.

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