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As of December 31,2015,mason Company Had $500 Cash

Question 83
Multiple Choice

As of December 31,2015,Mason Company had $500 cash.During 2016,Mason earned $1,200 of cash revenue and paid $800 of cash expenses.The amount of cash shown on the 2016 balance sheet would be A)$900. B)$400. C)$1,700. D)$2,500.

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