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As of the Beginning of the Quarter, Callahan, Inc

Question 122

Multiple Choice

As of the beginning of the quarter, Callahan, Inc. had a cash balance of $320. During the quarter the company paid suppliers $230. The company collected $400 from customers. The company also
Paid an interest payment of $40 and $170 in taxes. In addition, the company borrowed $100. What
Is Callahan's cash balance at the end of the quarter?


A) $60
B) $180
C) $380
D) $520
E) $620

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