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Diltex Farm Supply is located in a small town in the rural west: The cash balance at the end of December would be:

A. $116,900
B. $16,000
C. $100,900
D. $56,400

User Emil M
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1 Answer

1 vote

Answer:

The question does not include enough information to correctly determine the cash balance for Diltex Farm Supply at the end of December. It requires data on the company's transactions throughout the month in order to calculate the final cash balance. In business accounting, factual data and transaction records are essential for such financial analysis.

Step-by-step explanation:

The question provided is incomplete as it does not offer sufficient information or data to determine Diltex Farm Supply's end-of-December cash balance. This type of question typically relates to a business scenario, specifically in the subject of accounting or finance, where one would need the beginning cash balance and a summary of the cash transactions that occurred during December (such as revenues, expenses, investments, and financing) to accurately predict the closing cash balance.

Without additional information on the company's transactions, it's impossible to select an answer from the options provided. It's important for students to understand that in accounting, conclusions about financial positions are drawn based on analysis of actual transaction data.

User Vishal K
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