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Question
cash reserves on the tri-state medical equipment corporations balance sheet presently amount to $111,200. when tri-state pays cash for twenty percent of the purchase price of the new delivery truck, the cash payment will:
a. increase the companys cash reserves
b. decrease cash on the balance sheet
c. require an entry on the statement of retained earnings
d. require an entry to the reserve for depreciation on the income statement
Answer
This answer is hidden. It contains 1 characters.
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