Your company has revenues of $300,000 and expenses of $200,000 but the company's cash balance is $240,000. Does this indicate an error was made or what would cause these facts to all be true?

Auditing: A Risk Based-Approach (MindTap Course List)
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ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter2: The Auditor’s Responsibilities Regarding Fraud And Mechanisms To Address Fraud: Regulation And Corporate Governance
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Your company has revenues of $300,000 and expenses of $200,000 but the company's cash balance is $240,000. Does this indicate an error was made or what would cause these facts to all be true?
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