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 has been provided: 
What is the amount of the deficiency or excess cash (after considering the minimum cash balance required) for January?
A) excess of $26,700
B) deficiency of $136,700
C) excess of $356,700
D) excess of $60,000
Correct Answer:
Verified
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