Question: Question 2 is not complete and question 3 is incorrect. Cheryl Wilson, president of Rivers Company, considers $25,000 to be a minimum cash balance for

Question 2 is not complete and question 3 is incorrect.
Question 2 is not complete and question 3 is incorrect. Cheryl
Wilson, president of Rivers Company, considers $25,000 to be a minimum cash
balance for operating purposes. As can be seen from the following statements,
only $20,000 in cash was available at the end of 2011. Because
the company reported a large net income for the year, and also
issued bonds and sold some long-term investments, the sharp decline in cash

Cheryl Wilson, president of Rivers Company, considers $25,000 to be a minimum cash balance for operating purposes. As can be seen from the following statements, only $20,000 in cash was available at the end of 2011. Because the company reported a large net income for the year, and also issued bonds and sold some long-term investments, the sharp decline in cash is puzzling to Ms. Wilson

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