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TB MC Qu. 7-44 (Algo) Wilson Company had the following cash balance... Wilson Company had the following cash balance items listed in its trial balance at 12/31/2024: Peterson Savings and Loan: Right Bank: Clinton County Trust Bank: If Wilson reports under U.S. GAAP, its 12/31/2024 balance sheet would show what cash balance? Multiple Choice ($12,500) $77,500 $ 65,000 (12,500) 25,000 $90,000 None these answer choices are correct.

TB MC Qu. 7-44 (Algo) Wilson Company had the following cash balance... Wilson Company had the following cash balance items listed in its trial balance at 12/31/2024: Peterson Savings and Loan: Right Bank: Clinton County Trust Bank: If Wilson reports under U.S. GAAP, its 12/31/2024 balance sheet would show what cash balance? Multiple Choice ($12,500) $77,500 $ 65,000 (12,500) 25,000 $90,000 None these answer choices are correct.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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TB MC Qu. 7-44 (Algo) Wilson Company had the following cash balance... Wilson Company had the following cash balance items listed in its trial balance at 12/31/2024: Peterson Savings and Loan: Right Bank: Clinton County Trust Bank: If Wilson reports under U.S. GAAP, its 12/31/2024 balance sheet would show what cash balance? Multiple Choice ($12,500) $77,500 $ 65,000 (12,500) 25,000 $90,000 None these answer choices are correct.
Transcribed Image Text:TB MC Qu. 7-44 (Algo) Wilson Company had the following cash balance... Wilson Company had the following cash balance items listed in its trial balance at 12/31/2024: Peterson Savings and Loan: Right Bank: Clinton County Trust Bank: If Wilson reports under U.S. GAAP, its 12/31/2024 balance sheet would show what cash balance? Multiple Choice ($12,500) $77,500 $ 65,000 (12,500) 25,000 $90,000 None these answer choices are correct.
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