A company is preparing its cash budget. Its cash balance on January 1 is $290,000, and it has a minimum cash requirement of $340,000. The following data have been provided: 
-The amount of cash excess or deficiency (after considering the minimum cash balance required) for March is a(n)
A) excess of $214,200
B) excess of $15,800
C) deficiency of $60,000
D) excess of $25,300
Correct Answer:
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