Calculate change in cash and cash equivalents during year

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Reference no: EM132951549

Assume the following information:

                                                                2020                  2019

Assets Cash                                                  $100                 $50
Liabilities Current bank loan, due on demand        $100                  $50

Required:

Problem 1: Assume the loan is an integral part of cash management. Calculate the change in cash and cash equivalents during the year, and the ending balance

Reference no: EM132951549

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