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What should be the ending balance of the Cash account

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Question - Assume your company reported a net income of $15,000 last year. Your assets depreciated in the amount of $1,000 on an expense basis. The change in your net working capital was a positive $50. You had to pay back a loan in the amount of $2,500 and chose to pay out $10,000 in profit sharing to your investors. Your bank account balance to start the year was $3,000. What should be the ending balance of the Cash account?

Reference no: EM133049036

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