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Kruger Heavy Machine Inc. has an opening cash balance of $2,000. During the year, it purchased raw materials worth $5,000, sold goods worth $10,000, and paid office rent of $4,000. What is the company’s closing cash balance that it will carry forward into the next year?
A.
$9,000
B.
$3,000
C.
$7,000
D.
$6,000
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Kruger Heavy Machine Inc. has an opening cash balance of $2,000. During the year, it purchased raw m...
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