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Calculate the change in cash and cash equivalents

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Reference no: EM133032212

Question - Assume the following information:

 

2020

2019

Assets Cash

$100

$50

Liabilities Current bank loan, due on demand

$100

$50

Required - 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: EM133032212

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