Cash account balance During the month, Bavarian Auto Co. received $489,650 in cash and paid out...

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Cash account balance During the month, Bavarian Auto Co. received $489,650 in cash and paid out $413,250 in cash. a. Does this information indicate that Bavarian Auto Co. had net income of $76,400 during the month? Net income the net change in all assets and liabilities from operating (revenue and expense) transactions. b. If the balance of the cash account is $110,650 at the end of the month, what was the cash balance at the beginning of the month? $ Cash account balance During the month, Bavarian Auto Co. received $489,650 in cash and paid out $413,250 in cash. a. Does this information indicate that Bavarian Auto Co. had net income of $76,400 during the month? Net income the net change in all assets and liabilities from operating (revenue and expense) transactions. b. If the balance of the cash account is $110,650 at the end of the month, what was the cash balance at the beginning of the month? $

Answer rating: 100% (QA)

a The information provided does not directly indicate ... View the full answer