F . Cash dividends of $ 20,000
The beginning balance of cash is $ 45,000 . What is the budgeted ending balance of cash ?
a . $ 325,000
b . $ 370,000
c . $ 275,000
d . $ 245,000
3 . On January 1 , a business exchanged a plant asset with a cost of $ 18,000 and accumulated depreciation of $ 16,500 for a similar asset that had a list price of $ 23,000 . The business received a trade-in allowance of $ 2,100 on the old plant asset . What was the result of the exchange ?