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Compute the amount of change in cash and cash equivalents

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Problem - Olsen Company's balance sheets as of December 31, 20-2 and 20-1, showed the following with regard to cash and cash equivalents:

 

20-2

20-1

Cash

$75,000

$45,000

Government notes

2,000

6,500

Compute the amount of change in cash and cash equivalents and indicate whether it represented an increase or a decrease.

Reference no: EM132724348

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